Everest Bank appoints NIBL Ace Capital as issue manager for its 3 Arba worth debenture; to provide 8.5% interest for 8 years of safe investment

Everest Bank has appointed NIBL Ace Capital as issue manager to float its Rs 3 Arba worth Everest Bank Debenture to the general public.

The debenture program will have a maturity period of 8 years which will give an interest yield of 8.5% annually, as per the media statement.

The MoU regarding the issue management was signed between Company Secretary of Everest Bank Mr. Suresh Chapagai and General Manager of NIBL Ace Capital Mr. Mekh Bahadur Thapa and Assistant GM Mr. Sachindra Dhungana amid a program.

Everest Bank currently serves with its 103 branches and 3 extension counters under its network.