Nabil Bank Allots Rs. 5 Arba Worth of 8% Irredeemable Non-Cumulative Preference Shares

Nabil Bank Limited has completed the allotment of ‘Nabil 8% Perpetual Non-cumulative Preference Share’ worth Rs. 5 Arba. The bank issued 5 crores units of preference shares at a face value of Rs. 100 per share, following approval from the Securities Board of Nepal (SEBON).

The shares were allotted on Poush 1 through a private placement to institutional investors. This marks the first time SEBON has approved the issuance of irredeemable non-cumulative preference shares by a bank after relevant policy provisions were introduced by Nepal Rastra Bank and SEBON.

The issuance is expected to strengthen Nabil Bank’s capital base through additional Tier-1 capital, enhance risk-bearing capacity, and support future business expansion.