NIC ASIA Bank receives Nepal SBI Merchant Banking as issue manager to sell its Rs 4 arba worth of 11% NIC ASIA Debenture 2085-86
Wed, Oct 24, 2018 9:41 AM on Bonds & Debentures, Latest, Stock Market,
NIC ASIA Bank has appointed Nepal SBI Merchant Banking as an issue manager for the sales of its upcoming 11% NIC ASIA debenture 2085-86 under which the commercial bank will float 40 lakh unit debentures of Rs 1000 each that will total to Rs 4 arba.
The agreement for the same was signed between Acting CEO of the bank Mr. Roshan Kumar Neupane and MD of the Merchant bank Chhabiraj Pant amid a program.
The bank after receiving go-ahead signal from the regulator SEBON will issue the proposed debenture to the market. The proposed deventure will have interest yield of 11% per annum which shall be paid semi-annually and will have maturity period of 10 years.
