One more opportunity for long-term investors seeking secured return; NIC ASIA Bank appoints Sanima Capital to issue its NIC ASIA Debenture 2083-84 with 10.25% interest yield for 7 years

NIC ASIA Bank has appointed Sanima Capital as an issue manager for the issuance of its NIC ASIA Debenture 2083-84 that amounts to Rs 4.40 arba where the investors would receive 10.25% interest annually for 7 years. The agreement regarding the same was signed between CEO of the bank Mr. Roshan Kumar Neupane and his counterpart in the Merchant Bank Mr. Manish Narayan Joshi amid a program.

The bank will issue Rs 2.64 arba worth debentures to individual investors and Rs 1.76 arba worth debentures to general public.

The bank currently provides its services to its more than 16 lakh customers from its 283 branches, 289 ATM terminals, 41 extension counters and 26 branchless banking units throughout the nation.