Nepal SBI Bank Limited’s 7% debt bond ‘Nepal SBI Bank Bond 2090’ with a 10-year tenure has its application deadline today, Shrawan 1. The bank has issued bonds worth NPR 3 billion, with a 7% annual interest rate.
Nepal SBI Bank Limited has set today (Shrawan 1) as the last day to apply for its debt bond titled ‘7% Nepal SBI Bank Debt Bond 2090’, which was issued starting from Asar 30. The bond carries a tenure of 10 years and offers an annual interest rate of 7 percent.
The bank has issued a total of 30 million bonds at a face value of NPR 1,000 per bond, amounting to a total issuance of NPR 3 billion.
Out of these, 60 percent of the bonds are reserved for individual investors, while the remaining 40 percent are allocated for the general public. Additionally, 5 percent of the portion reserved for the general public is set aside specifically for collective investment funds.
Investors must apply for a minimum of 25 bonds. The sales manager for this issuance is Nabil Investment Banking Limited.
Applications can be submitted through the C-ASBA system either via the ‘Mero Share’ portal or participating banks.
Credit rating agency ICRA Nepal has assigned a credit rating of ‘ICRANP IR AA’ to the bank for this issuance.
Interest payments will be made semi-annually after tax deductions, at the end of the first and second half of each fiscal year.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
