NIC Asia's "10% NIC Asia Debenture 2085/86” issue closing from today; Applications accepted from 25 units to 20 lakh units
Mon, Feb 25, 2019 7:09 AM on Bonds & Debentures, Latest, Stock Market,
NIC Asia Bank Limited (NICA) is closing its issue of “10% NIC Asia Debenture 2085/86” from today i.e. Falgun 13, 2075. The issue for 40 lakh unit debenture was open from Magh 13, 2075.
Out of the 40 lakh units, the bank is issuing 16 lakh units for the general public which includes 80,000 units issued for the mutual funds.
The debenture will be providing 10% return on the investment which will be paid semi-annually.
Interested applicants can place applications for minimum 25 units and maximum 20 lakh units for par value of Rs 1,000.
The application can be placed form the branches of Nepal SBI Merchant Banking Limited, NIC Asia bank or any financial institutions providing C ASBA facilities.
Care Ratings Nepal had assigned “CARE-NP A” rating indicating low credit risk to the debenture.
With the issuance of the debenture, the total capital raised through debenture of NIC Asia bank will reach Rs 9.33 arba.
