Nabil Bank to issue Rs 2 arba worth debentures; appoints Laxmi Capital as an issue manager

Nabil Bank Limited has appointed Laxmi Capital Market Limited as an issue manager for issuing 20 lakh unit debentures worth Rs 2 arba at face value of Rs 1000 each. The MoU regarding the same was signed between CEO of Nabil Bank Mr. Anil Keshary Shah and CEO of the Laxmi Capital Market Ltd. Mr. Rajiv Sapkota amid a program.

The bank which plans to issue 40% of debentures i.e. 8 lakh units worth Rs 80 crore to general investors and remaining 60% i.e 12 lakh units worth Rs 120 crore debentures to the big and institutional investors after receiving permission from SEBON. The maturity period of this debentures is 7 years.

The bank plans to provide 10% interest rate to the investment semi-annually for the 7 years until it matures.