Kathmandu. Prime Commercial Bank Limited (PCBL) is set to open the issue of debentures from July 30. The bank is issuing ‘6.25% Prime Bank Debenture 2093’ with a maturity period of 10 years at an interest rate of 6.25 per cent. <\/p>\n
The bank is issuing 3 million units of debentures at a face value of Rs 1,000 each. Out of the offered, 60% i.e. 1.8 billion units of debentures worth Rs 1.80 billion will be set aside for the individual and the remaining 40% i.e. 1.20 million units will be set aside for the general public. <\/p>\n
Out of the total offered debentures, 5% i.e. 60,000 units have been set aside for mutual funds. Applications can be place for minimum 25 units and maximum of all units of debenture. <\/p>\n
Prime Commercial Bank Limited (PCBL) is set to open the issue of debentures from July 30. The bank has a tenor of 10 years. At 25 percent interest rate ‘6. Prime Bank is going to issue 25 percent debentures 2093. <\/p>\n
The bank is issuing 3 million units of debentures at a face value of Rs 1,000 each. Out of the total offered shares, 60% i.e. 1.8 billion units of debentures worth Rs 1.80 billion will be set aside for individuals and the remaining 40% i.e. 1.20 billion units will be set aside for the general public. Out of the total offered debentures, 5% i.e. 60,000 units of debentures have been set aside for mutual funds. <\/p>\n
Applications can be place for minimum 25 units and maximum of all units of debenture. The earliest date for the issuance will be on July 19 and the latter will be on July 30. <\/p>\n
Sanima Capital Limited has been appointed as the issue manager for the IPO issuance. The interested bidders can apply for the C-ASBA service from the banks and financial institutions approved by the Securities Board of Nepal (SEBON) and their designated branches. <\/p>\n
Care Ratings Nepal has assigned a ‘CareNP’ Single A Minus Issue Rating to the bank. This indicates high security in terms of meeting financial obligations on time. The interest accrued in the debentures will be paid after the expiry of the first fiscal year and second half year of each fiscal year. <\/p>\n
The application for the debentures will close by July 19 at the earliest and by July 30 at the latest. Sanima Capital Limited has been appointed as the issue manager for the IPO issuance. The interested bidders can apply for the C-ASBA service from the banks and financial institutions approved by the Securities Board of Nepal (SEBON) and their designated branches. <\/p>\n
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Kathmandu. Prime Commercial Bank Limited (PCBL) is set to open the issue of debentures from July 30. The bank is issuing ‘6.25% Prime Bank Debenture 2093’ with a maturity period of 10 years at an interest rate of 6.25 per cent. The bank is issuing 3 million units of debentures at a face value of […]<\/p>\n","protected":false},"author":9,"featured_media":203611,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45159],"tags":[],"class_list":["post-304257","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/304257","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/comments?post=304257"}],"version-history":[{"count":1,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/304257\/revisions"}],"predecessor-version":[{"id":304258,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/304257\/revisions\/304258"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/203611"}],"wp:attachment":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=304257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=304257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=304257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}