Kathmandu. Nabil Bank is going to issue debentures worth Rs 3 billion from today. The Securities Board of Nepal (SEBI) has allowed Nabil Bank to issue ‘Nabil Debenture-2089’ with a face value of Rs 1,000.
Out of the total units, the bank will sell 1.8 million units individually and the remaining 1.2 million units will be issued to the public.
Out of the total units allocated 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.
The issuance of this bond will be closed at the earliest on July 15. If there are not enough applications within that period, the date of expulsion may be extended till July 15.
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.
