Nabil Bank to Issue Rs 3 Billion Debenture from August
Kathmandu, Jul 14: Nabil Bank Ltd. is set to issue loan debentures worth Rs 3 billion starting from August, offering investors an opportunity to earn stable returns over the next eight years. The debenture, named ‘Nabil Debenture 2089’, will carry an annual interest rate of 7 percent.
The bank is issuing a total of 3 million units, with 1.8 million units allocated to individual investors and 1.2 million units to the general public. Additionally, 5 percent (60,000 units) have been reserved for collective investment funds.
Investors can apply for a minimum of 25 units and up to 1.2 million units. Applications will be accepted through banks and financial institutions providing the C-ASBA service and their respective branches.
The debenture issuance will remain open for early closure on August 29, if fully subscribed, or will remain open as per regulatory provisions. Nepal SBI Merchant Banking Limited is serving as the issue and sales manager for the debenture offering.
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