RBB Mutual Fund 1 Now Listed in NEPSE
Fri, Aug 27, 2021 4:09 PM on Latest, Mutual Fund,
12.5 crores units of RBB Mutual Fund 1 are now listed in NEPSE.
CEO of RBB Merchant Banking Limited Badri Prasad Pyakurel and NEPSE Acting CEO Niranjan Phuyal signed on the listing agreement.
Rastriya Banijya Bank Limited concluded the issue of 10 crore units "RBB Mutual Fund 1" on Ashad 27, 2078. 13% of the total 10 crore units are allocated for the fund promoter Rastriya Banijya Bank and 2% for fund manager RBB Merchant Bank Ltd. The remaining 8.5 crore units were opened in the public issue.
"RBB Mutual Fund 1" is a closed-end fund, meaning it can be traded in the secondary market. The fund has a maturity period of 7 years. Each unit has a par value of Rs. 10.
