Shine Resunga Development Bank Opens Debenture Issue at 8% Interest
Shine Resunga Development Bank begins offering its 10-year debenture at 8% annual interest from today, targeting both institutional and retail investors.
Kathmandu, July 16, 2025 — Shine Resunga Development Bank Limited (SHINE) has launched the public issuance of its fixed-income instrument, the “Shine Resunga Debenture,” from July 16 (Ashar 32). The debenture carries a fixed annual interest rate of 8% and a maturity period of 10 years.
The bank plans to issue 1 million units of the bond at a par value of Rs 1,000 per unit, totaling Rs 1 billion. Of the total:
60% (600,000 units worth Rs 600 million) will be allocated via private placement,
while 40% (400,000 units worth Rs 400 million) will be offered to the general public.
Within the public offering, 5% (20,000 units) are reserved for mutual funds.
Retail investors must apply for a minimum of 25 units and can bid for up to 500,000 units. The issue will close as early as Shrawan 4 (July 19) or as late as Shrawan 14 (July 29) depending on subscription levels.
The issuance is being managed by NIMB Ace Capital Limited. Interested investors can apply through the C-ASBA system at SEBON-approved banks and financial institutions or via Meroshare, the online platform maintained by CDS & Clearing Ltd.
According to the credit rating provided by ICRA Nepal, the bank holds an [ICRANP-IR] BB+ issuer rating, signaling a moderate level of risk in meeting timely financial obligations. Interest payments will be made semi-annually after tax deductions at the end of each half-year.
With an above-average return for a development bank instrument, this issuance offers an attractive option for income-focused investors amid a stable interest rate environment.