Kathmandu. Rastriya Banijya Bank is going to open the sale of debentures from 2082 Baisakh 7.
The bank is going to open the sale of debentures named ‘RBBL Debenture-2088’. This is a 7-year debenture. Investors in this will get 7 percent interest per annum.
The bank will issue 2.5 billion units of debentures with a face value of Rs 100, equivalent to a total of Rs 2.5 billion. The bank will sell 1.5 billion units of the total issue individually. The remaining 1 million units have been allocated for the general public.
50,000 units of the bond, which will be 5 percent of the total units allocated for the general public, will be allocated for the collective investment fund. The general public will be able to apply for the remaining 950,000 units.
Investors can apply for a minimum of 25 units and a maximum of all units in this bond. The bond issue will close on April 10 at the earliest and on April 21 at the latest.
Investors can apply for purchase through banks and financial institutions participating in the C-ASBA service approved by the Securities Board of Nepal and their designated branch offices and CDSC’s Mero Share. The sale manager of this bond is Sanima Capital.
