Banks queuing up to issue debentures; Nepal Bangladesh Bank a new member in the club to issue Rs 2 arba worth debentures with appointment of Nabil Investment Banking as issue manager
Fri, Feb 22, 2019 10:48 AM on Bonds & Debentures, Corporate, Featured, Stock Market,
Nepal Bangladesh Bank has appointed Nabil Investment Banking as an issue manager for issuing its 20 lakh unit NBB Debenture 2085-86 that amounts to Rs 2 arba. The MoU regarding the same was signed between CEO of NBB Mr. Gyanendra Prashad Dhungana and CEO of the merchant banker Mr. Sabir Bade Shrestha amid a program.
The bank which plans to issue 40% of debenture i.e. Rs 80 crore to general investors and remaining Rs 1.20 arba worth debentures to the big and institutional investors will float its debenture for the investors after receiving permission from SEBON.
The bank plans to provide 10.25% interest to the investment semi-annually for the 10 years after which the debenture shall mature, as mentioned in the media statement.
