Kathmandu. Rastriya Banijya Bank (RBB) has opened the sale of debentures from Today.
The bank has opened the sale of ‘RBBL Debenture-2088’. It is a 7-year bond. Investors get an interest rate of 7 percent per annum.
The bank has issued 2.5 million units of debentures at a face value of Rs 100 each worth Rs 2.5 billion. The bank will sell 1.5 million units of debentures individually. The remaining 1 million units have been allocated for the general public.
A total of 50,000 units of debentures comprising 5 per cent of the total units allocated for the general public will be allotted to the mutual fund. The general public will be able to apply for the remaining 950,000 units.
Investors can apply for a minimum of 25 units of shares and a maximum of 25 units of shares. The issuance of the bonds will be closed at the earliest on May 15 and late on May 15.
Investors can apply for purchase from the banks and financial institutions participating in the C-ASBA service approved by the Securities Board of Nepal and their designated branch offices and my share of CDSC. Sanima Capital is the sales manager of this bond.
