Debenture issue of two commercial banks added to SEBON’s pipeline; both looking to raise debt worth Rs.2 Arba each

Securities Exchange Board of Nepal (SEBON) has added debenture issues of two commercial banks under preliminary review in the latest list of Debenture Pipeline Status published.

Nepal Investment Bank’s (NIB) “10.50% NIB Debenture 2082” and Nepal Bangladesh Bank’s (NBB) “10.25% NBBL Debenture 2085” have been added under preliminary review by the board.

NIB has proposed to issue 2 Million units at par value of Rs.1000 per unit to raise debt worth Rs.2 Arba. The debentures will provide an interest of 10.50% p.a. and will mature in a period of 7 years. Out of the total units, 800,000 units will be offered to the general public will remaining 1,200,000 units will be privately placed. Siddhartha Capital Limited has been appointed as the issue manager for the debenture issue.

Similarly, NBB has proposed to issue 2 Million units at par value of Rs.1000 each to raise debt worth Rs.2 Arba. The debentures will offer an interest rate of 10.25% p.a. and will mature in a period of 10 years. Out of the total units, 800,000 units will be offered to the general public will remaining 1,200,000 units will be privately placed. Nabil Investment Banking Limited has been appointed as the issue manager for the debenture issue.