SEBON Approves Kamana Sewa Development Bank to Issue 3.5 Million Units of 9% Preference Shares

The Securities Board of Nepal (SEBON) has granted approval to Kamana Sewa Development Bank to issue 3.5 million units of non-redeemable, non-cumulative preference shares with a 9% dividend rate at a par value of Rs. 100 per share.

The proposal to issue preference shares was endorsed by the bank’s 18th Annual General Meeting (AGM), after which the bank obtained approval from Nepal Rastra Bank and submitted the plan to SEBON for final authorization. SEBON has now approved the issuance.

According to the bank, the issuance of these preference shares will strengthen its capital structure, increase its capital fund, and create new opportunities for business expansion.

Considering the current market liquidity conditions and return expectations, the bank stated that these preference shares offering 9% annual dividends could serve as an attractive investment opportunity, particularly for institutional investors.