Everest Bank to issue 6 lakh units of 6 year debenture at 8% interest rate from today

ShareSansar July 9:

Everest Bank Limited (EBL) is issuing 6 lakhs units of debenture yielding 8% percent interest rate with maturity of 6 year at a face value of Rs 1000 per unit from today (Ashad 24).

Interested investors will have to apply for a minimum of 25 units i.e. Rs 25000 in this issue.

The issue will close on Ashad 28 and the maximum closing date has been set for Shrawan 7.

Out of 6,00,000 units; 30,000 units have been set aside for the mutual funds and 4,80,000 units will be sold on private placement basis and remaining 90,000 units is set aside for general public.

ICRA Nepal has given [ICRANP] LA- rating to the issue.

Responding to this issue, the Chief Executive Officer of the bank stated the EBL debenture in not only the safest investment but also has the promising fixed return.

The interested investors can apply for the debenture at the head office and all the branches of Everest Bank Limited, besides the office of its issue manager Nabil Investment Banking Limited at Naxal, Kathmandu.

Everest Bank had a net profit or Rs 1.19 arba in the third quarter of current fiscal year. Its Earning per Share stands at Rs 83.04 and net worth per share at Rs 302.97.

The Bank was conferred as “Best Managed Commercial Bank” by Asian Paint New Biz in 2013 as well as the “Highest Tax Payer among Commercial Banks” for FY 2068/69.

Presently the Bank is rendering professionalized & efficient banking services through its widest domestic network of 53 branches, 5 Extension Counters, 24 Revenue Collection Counters, 80 ATMs and many correspondents across the globe.

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