Nabil Bank Limited Opening the Issue of "7% Nabil Debenture, 2089" From Today

Nabil Bank Limited has issued 10,00,000 units of "8 yrs, 7% Nabil Debenture, 2089" to the general public.

The debenture with a maturity period of 8 years and a coupon rate of 7% will be open for application from today, i.e., from 6th Shrawan to 9th Shrawan, 2082. If the issue isn't fully subscribed, the deadline can be extended to Shrawan 20, 2082.

30,00,000 units will be issued at a par value of Rs. 1000 per unit. Out of the total units being issued, 60%, i.e., 18 lakh units, the total issue will be subscribed via private placement, while the remaining 12 lakh units worth Rs. 1.20 Arba will be open for public issue. For mutual funds, 5%, i.e., 60,000 units, will be allocated. It will raise a total of Rs 3 Arba from the issuance.

Nepal SBI Merchant Banking Limited is the issue manager. Investors can apply for a minimum of 25 units and a maximum of 12,00,000 units.