“10.25% NBBL Debenture 2085” receives application for only 44 thousand units till today; Issue closes on Ashad 8th, 2076

Nepal Bangladesh Bank Limited (NBB) is issuing “10.25% NBBL Debenture 2085” from Jestha 10, 2076. Since the issue was not subscribed till Jestha 14, the debenture issue is extended up to Asadh 8, 2076.

The commercial bank will be issuing 8 lakh units i.e. 40% for the general public while remaining 12 lakh units i.e. 60% of the issue will be for the private placement. Out of public quota of 8 lakh units; 5% i.e. 40,000 units is set aside for mutual funds.

Nabil Investment Banking Limited has been appointed as the issue manager for the debenture issuance. As per the issue manager, a total of 791 applicants have applied for 44,168 units till today. 

The debenture will be providing 10.25% return on the investment which will be paid semi-annually and this debenture matures in 10 years. Interested applicants can place applications for minimum 25 units and maximum 1 lakh units for par value of Rs.1000. The application can be placed form the branches of any financial institutions providing C ASBA facilities.

ICRA Nepal has assigned [ICRANP] LBBB+ to the proposed subordinated debenture program of NBB. Instruments with this rating are considered to have a moderate degree of safety regarding the timely servicing of financial obligations. Such instruments carry moderate credit risk.