Kumari Bank Limited has entered into an agreement with Siddhartha Capital Limited for the sale of ‘KVL Debenture 2089’ bonds for a period of 10 years with an annual interest rate of 11%.
The bank has agreed to issue Rs 3 billion worth of debentures at a face value of Rs 1,000 per unit with Siddhartha Capital Limited as the sales manager. The agreement has been signed by the Chief Market Officer of Kumari Bank Navin Muni Bajracharya and Chief Operating Officer Sandeep Karki on behalf of Siddhartha Capital.
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