Machhapuchchhre Bank another institution in the list issuing debentures with debenture size of 3 arba; investors to enjoy interest yield of 10.25% for 10 years

Machhapuchchhre Bank has appointed NMB Capital to issue its 10.25% Machhapuchchhre Bank Debenture 2085. The agreement regarding the same was signed between CEO of Machhapuchchhre Bank Mr. Suman Sharma and CEO of the Merchant Banker Mr. Shreejesh Ghimire amid a program.

The commercial bank will be issuing Rs 3 arba worth of debentures “Machhapuchchhre Bank Debenture 2085” that will provide interest of 10.25% for 10 years.

The interest will be paid semi-annually and the 40% i.e. 12 lakh unit debentures will be offered for public investors while 60% i.e. 18 lakh units for the institutional holdings.