Kathmandu. Nabil Bank’s debentures worth Rs 3 billion have been approved for issuance.
The Securities Board of Nepal has approved the issue of Nabil Debenture-2089 of Nabil Bank. With this, Nabil Bank will now issue a total of 3 million units of debentures at a face value of Rs 1,000.
Out of the total units, the bank will sell 1.8 million units individually. The bank will issue the remaining 1.2 million units.
This bond is of 8 years duration. Investors will get 7 percent interest per annum.
Nepal SBI Merchant Banking is the bond sales manager of Nabil Bank.
