SEBON approves "10.35% ADBL Rinpatra 2083"; Bank issuing debentures worth Rs 2.5 arba

Thu, Jan 16, 2020 11:16 AM on Bonds & Debentures, Latest, Stock Market,
SEBON appr...

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.