Kathmandu. Two commercial banks have received permission to issue bonds worth 7.5 billion rupees.
NIC Asia Bank and Rastriya Banijya Bank have received permission from the Nepal Securities Board to issue bonds. NIC Asia has received permission to issue bonds worth 5 billion rupees and Rastriya Banijya Bank has received permission to issue bonds worth 2.5 billion rupees.
Now NIC Asia Bank will issue bonds called ‘NIC Debentures’. According to which the bank will issue a total of 5 million units of bonds with a face value of 1,000 rupees. Out of the total units, the bank will sell 3 million units privately and the remaining 2 million units will be publicly issued.
This is a 10-year debenture of NIC Asia Bank. Investors will receive 7 percent interest per annum. Prabhu Capital is the sales manager of the debenture.
Similarly, the National Commercial Bank will issue a debenture called ‘RBBL Debenture’. According to which the bank will issue a total of 2.5 million units of debentures with a face value of Rs 1,000. Of the total units, the bank will sell 1.5 million units privately and the remaining 1 million units will be publicly issued.
This is a 7-year bond of Rastriya Banijya Bank. Investors will receive 7 percent interest per annum. Sanima Capital is the bond sales manager.
