Kathmandu. Prime Bank Commercial Bank Limited has received permission to issue debentures worth Rs 3 billion.
The Securities Board of Nepal (SEBON) on Wednesday granted permission to Prime Bank to issue “Prime Bank Debentures 2093”. The bank is issuing a total of 30 lakh units of debentures at a face value of Rs 1,000.
Out of the total units, the bank will sell 18 lakh units to individuals. The remaining 12 lakh units will be issued to the public.
It is a 10-year bond. The interest rate on this offer will be 6.25 percent per annum.
Prime Bank Limited has appointed Sanima Capital as its issue manager.
