10% Nabil Debenture 2082 listed on NEPSE; 1,05,861.62 units Promoter Shares of Mithila Laghubitta converted to Public Share

Upon the successful issuance of Nabil Debenture 2082, Nabil Bank has now listed the debenture in Nepal Stock Exchange. Nabil Bank’s CEO, Mr. Anil Keshary Shah, and NEPSE’ CEO, Mr. Chandra Singh Saud have signed a debenture listing agreement on July 21, 2020 in NEPSE’s office.

As per the notice; 2,000,00 units "10% Nabil Debenture 2082" of Nabil Bank Limited have been listed on NEPSE for regular trading.

In compliance with Nepal Rastra Bank’s regulatory requirement for issuance of debenture, Nabil Bank had issued 2 million units of 7 years Nabil Debenture 2082 with an interest rate of 10% per annum. The interest on the same is payable on the half-yearly basis of each fiscal year until the maturity of the Debenture. The issue was for the size of NPR 2 Billion with 60% (NPR 1.2 Billion) to be sold through Private Placement and 40% (NPR 800 Million) was set aside for public including Mutual Fund. Amidst the difficult situation of lockdown caused by COVID - 19 pandemics, the issue which was opened on Chaitra 2, 2076 was successfully closed on Baisakh 16, 2077 with 100% subscription. The Debenture was subscribed by many insurance companies, mutual funds, retirement funds, and welfare funds.

Likewise; 1,05,861.62 units Promoter Shares of Mithila Laghubitta Bittiya Sanstha Limited (MLBBL) has been converted into Public Share, making the Promoter to Public Share Ratio of the Company to  60:40.