Securities Board of Nepal (SEBON) has approved "10.35% ADBL Rinpatra 2083" proposed by Agricultural development bank (ADBL).
Agricultural Development Bank is issuing a total of 25 Lakh units of debentures at par value of Rs.1000 per unit. The total value of the issue is Rs.2.50 Arba and will be providing 10.35% interest rate. The debenture will mature in 7 years i.e. in 2083.
Out of the total issue, 10 Lakh units (40% of the issue) will be issued to the general public while the remaining 15 Lakh units (60% of the issue) will be privately placed.
NIBL Ace Capital Limited has been appointed as the issue manager.