Nabil Bank Limited will start issuing its “7% Nabil Debenture 2089” from Shrawan 6, 2081 B.S. This debenture has an 8-year tenure with a fixed annual interest rate of 7%.
Debenture Details
- Face Value per Unit: Rs. 1,000
- Total Units: 3,000,000
- Total Issue Amount: Rs. 3 arba
- Allocation:
- 60% (1,800,000 units) will be sold through private placement
- 40% (1,200,000 units) will be available to the general public
- Within the public portion, 5% (60,000 units) are reserved for mutual funds
Application Process and Timeline
- Minimum Application: 25 units
- Issue Closing Dates: Earliest on Shrawan 9 and latest by Shrawan 20
Applications can be submitted via the C-ASBA system.
Issue Manager and Credit Rating
- Issue Manager: Nepal SBI Merchant Banking Limited
- Credit Rating: ICRA Nepal has assigned an ‘ICRANP Issuer Rating A’, indicating strong reliability in fulfilling financial obligations on time.
Interest Payment
Interest payments will be made semi-annually after deducting tax, at the end of the first and second halves of the fiscal year.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
