NIC ASIA Bank signs Issue Management Agreement with Nabil Investment Banking for issuance of its 11%NICASIA Bond 2082/83
Fri, Jun 8, 2018 2:11 AM on Corporate, Latest, Stock Market, Bonds & Debentures,
NIC ASIA Bank has signed "Issue Management Agreement" with Nabil Investment Banking Ltd. today for the issuance of “11% NICASIA Bond 2082/83”amounting Rs 1.83 arba with a coupon rate of 11% per annum payable on semi-annual basis. 18.30 lakh units of bonds with a face value of Rs. 1,000 per unit shall be issued of which 80% of the issue will be offered through Private Placement and the rest will be offered to the general public after obtaining approval from Securities Board of Nepal (SEBON).
The Agreement was signed by Mr. Roshan Kumar Neupane, Acting CEO, on behalf of NIC ASIA Bank and Mr. Sabir Bade Shrestha, CEO, on behalf of Nabil Investment Banking Ltd.
The Bank has issued 30 lakh units of “9% NICAsia Bond 2081/82” amounting to 3 arba previously which was fully subscribed and has already been listed in Nepal Stock Exchange.The Bank believes that the proposed 11% coupon interest rate provides a very attractive long term investment opportunity to investors
