Nabil Bank has extended the application deadline for its debenture issuance from Sawan 9 to Sawan 20 due to insufficient applications.
Nabil Bank had issued the ‘Nabil Debenture–2089’ on Sawan 6, offering a total of 30 lakh units worth NPR 3 Arba at a face value of NPR 1,000 per unit. The original deadline to apply was today, Sawan 9, but due to inadequate subscription, the bank has extended the application period until the end of banking hours on Sawan 20.
Out of the total units, 18 lakh units will be sold on a personal basis, while the remaining 12 lakh units are offered through public issuance. Among the shares issued to the public, 5 percent—amounting to 60,000 units—have been reserved for collective investment funds. The rest will be open for applications from the general public.
Investors can apply for the debentures through banks and financial institutions participating in the C-ASBA service approved by the Securities Board of Nepal (SEBON), their designated branches, or via the CDSC’s Meroshare platform. Applications can be made for a minimum of 25 units and a maximum of 12 lakh units.
This debenture has an eight-year maturity period and offers investors an annual interest rate of 7 percent. Nepal SBI Merchant Banking Limited is the issue manager for Nabil Bank’s debenture.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
