Public Issue of "9% Nabil Debenture 2087" Closing Today
Tue, Dec 19, 2023 10:00 AM on Latest, Bonds & Debentures,
Nabil Bank Limited (NABIL) is closing the issue of 30,00,000 units of "9% Nabil Debenture 2087" to the general public from today i.e. on 3rd Poush, 2080.
The debenture with a maturity period of 7 years and a coupon rate of 9% was open for application from 29th Mangsir.
30 lakh units are being issued at a par value of Rs. 1000 per unit. Out of the total units being issued 60% i.e. 18 lakh units of the total issue will be subscribed via private placement while the remaining 12 lakh units worth Rs. 1.2 Arba is open for public issue, 5% of which is also allocated for mutual funds. It will raise a total of Rs 3 Arba from the issuance.
Kumari Capital Limited is the issue manager. Investors can apply for a minimum of 25 units and a maximum of 12,00,000 units till the end of banking hours today.
ICRA Nepal has reaffirmed the issuer rating of [ICRANP-IR] AA- - (pronounced ICRA NP issuer rating Double A minus) indicating a high degree of safety regarding the timely servicing of financial obligations. Such issuers carry very low credit risk.
