Securities Board of Nepal (SEBON) has approved '10.25% NBBL Debenture 2085' of Nepal Bangladesh Bank (NBB).
NBB has proposed to issue 20 lakh units debenture at par value of Rs.1000 each to raise debt worth Rs.2 Arba. The debentures will offer an interest rate of 10.25% p.a. and will mature in a period of 10 years. Out of the total units, 800,000 units will be offered to the general public will remaining 1,200,000 units will be privately placed.
Nabil Investment Banking Limited has been appointed as the issue manager for the debenture issue.