Nepal Bangladesh Bank "10.25% NBBL Debenture 2085” closes from today; debenture matures in 10 years

Sun, Jun 23, 2019 9:00 AM on Bonds & Debentures, IPO/FPO News, Latest,

Nepal Bangladesh Bank Limited (NBB) is closing the issue of “10.25% NBBL Debenture 2085” from today (Ashad 8, 2076). The issue was opened since Jestha 10, 2076. The interested investors can apply till 5 PM today.

The commercial bank is issuing 8 lakh units i.e. 40% for the general public while remaining 12 lakh units i.e. 60% of the issue will be for the private placement. Out of public quota of 8 lakh units; 5% i.e 40,000 units is set aside for mutual funds.

The debenture will be providing 10.25% return on the investment which will be paid semi-annually and this debenture matures in 10 years.

Interested applicants can place applications for minimum 25 units and maximum 1 lakh units for par value of Rs 1,000.

The application can be placed form the branches of any financial institutions providing C ASBA facilities.

Nabil Investment Banking Limited has been appointed as the issue manager for the debenture issuance.

ICRA Nepal has assigned [ICRANP] LBBB+ to the proposed subordinated debenture program of NBB. Instruments with this rating are considered to have a moderate degree of safety regarding the timely servicing of financial obligations. Such instruments carry moderate credit risk.

10.25% NBB debenture opens from tomorrow; All necessary information to make an informed decision

Click Here for Closing Notice