NIC Asia Bank signs Issue Management Agreement with Nabil Investment to float NIC Asia Bond 2081/82 worth Rs. 3 Billion
Sun, Nov 12, 2017 8:33 AM on Latest, Featured, Stock Market,
NIC ASIA Bank has signed "Issue Management Agreement" with Nabil Investment Banking Limited on November 10, 2017 for the issuance of "NIC Asia Bond 2081/82" amounting Rs. 3 Billion with a coupon rate of 9% per annum payable on semi-annual basis.
Mr. Laxman Risal, CEO of NIC ASIA Bank and Mr. Pravin Raman Parajuli, CEO of Nabil Investment signed on the agreement.
NIC Asia will be issuing 3,000,000 units of bonds with a face value of Rs. 1,000 per unit, of which 80% of the issue will be offered through Private Placement and the rest will be offered to the general public after obtaining approval from Securities Board of Nepal (SEBON).
Issuing a press statement, it states that the bank believes that the proposed 9% coupon interest rate provides a very attractive long term investment opportunity to its investors.
NIC Asia will be issuing 3,000,000 units of bonds with a face value of Rs. 1,000 per unit, of which 80% of the issue will be offered through Private Placement and the rest will be offered to the general public after obtaining approval from Securities Board of Nepal (SEBON).
Issuing a press statement, it states that the bank believes that the proposed 9% coupon interest rate provides a very attractive long term investment opportunity to its investors.
