Rastriya Banijya Bank (RBB) has appointed NIBL Ace Capital as the issue manager for its upcoming debenture issuance. The agreement was signed by CEO Kiran Kumar Shrestha on behlaf of RBB and CEO Shivanth Bahadur Pandey on behalf of NIBL Ace Capital.
RBB is issuing debentures worth Rs 2.50 arba. A total of 25 lakh units at Rs 1000 per unit. Out of the total, 15 lakh units has been separated for private placement and 10 lakh units are seperated for general public.
The debenture will offer 10.20% interest rate payable semi-annually for a period of 6 years.