Global IME Capital appointed as the issue manager of "Citizens Bank Bond 2085"

Citizens Bank (CZBIL) with the slogan of "our partner for progress" has been continuously working to bring banking facilities to every Nepali's home. With the same commitment it has introduced 25 lakh units "Citizens Bank Bond 2085" of Rs 1000 face value on Mangsir 02, 2075, coming to a total worth of Rs 2 arba 50 crore.

Global IME Capital has been appointed as the issue manager of the bond. The agreement has been signed by Mr. Rajan Singh Bhandari, CEO of Citizens Bank and Mr. Paras Mani Dhakal, CEO of Global IME Capital.

Out of Rs 2 arba 50 crore worth of bond, 80% (Rs 2 arba) will be subscribed from private placement and remaining 20% (Rs 50 crore) will be subscribed by general public.

Citizens Bank is currently serving its customers from a network of 80 branches, 75 ATM and 99 branchless banking units.