Kathmandu. The deadline for applying for Nabil Bank’s bond has been extended.
The bank had issued ‘Nabil Debenture-2089’ with a face value of Rs 1,000 with a face value of Rs 3 billion from July 1. The deadline for applying for this bond was July 15. However, as there are not enough applications, they can now apply for this bond by the banking time of August 15.
Out of the total units, the bank will sell 1.8 million units from individual level and the remaining 1.2 million units will be issued publicly. Out of the total units issued for the general public, 5 percent has been allocated 60,000 units for the collective investment fund. In the remaining units, the general public will be able to apply.
Investors can apply for this bond from the banks and financial institutions participating in the C-ASBA service approved by the Securities Board and their designated branches as well as my share of CDSC. Investors can apply for a minimum of 25 units and a maximum of 1.2 million units.
This is nabil’s 8-year term bond. Investors will get 7 percent interest per annum. Nepal SBI Merchant Banking is the bond sales manager of Nabil Bank.
