Nabil Bank's Rs. 5 Arba 'Nabil 8% Perpetual Non-cumulative Preference Share' Issue Approved by SEBON

The Securities Exchange Board of Nepal (SEBON) has provided the final approval to the proposed issue of "Nabil 8% Perpetual Non-cumulative Preference Share" in the latest list of debentures approved.

Nabil Bank Limited (NABIL) is seeking to raise a debt of Rs. 5 Arba through the total issue, with 5 crores units to be subscribed via private placement. The regulatory board gave the nod of approval on Mangsir 05, 2082.

The debentures will provide an 8% interest rate per annum.

NIC Asia Capital Limited has been appointed as the issue manager for the debenture issue.