Laxmi Bank appoints Nabil Invest as the Issue Manager for its upcoming 10% Laxmi Bank Debentures, 2086

Laxmi Bank has appointed Nabil Investment Banking Limited as Issue Manager for the issue of its upcoming 10% Laxmi Bank Debentures, 2086. A Memorandum of Understanding (MOU) has been signed today between the two companies for the issue management service. The MOU was signed by Mr. Ajaya Bikram Shah, CEO of Laxmi Bank and Mr. Sabir Bade Shrestha, CEO of Nabil Investment Banking Limited. Nabil Investment Banking Limited has also been appointed as the trustee for the upcoming Debentures.

Laxmi Bank is issuing Debentures amounting to NPR 2 Billion with a tenure of 10 years at a coupon rate of 10% p.a. The bank’s current debentures amounting NPR 400 Million is maturing on February 2020.

About Laxmi Bank:

Laxmi Bank network includes 101 branches across 46 districts, 5 hospital service counters, 118 ATMs, more than 2,500 remittance agents and 51 branchless banking agents spread across the country. The Bank is rapidly expanding to newer and underserved markets with the aim of servicing the growing demand for professional financial services such as innovative saving accounts, term deposits, home and auto loans, small business loans, microfinance, insurance etc.