Nabil Bank Limited has appointed Global IME Capital as the sales manager to issue its upcoming debentures worth Rs 4 arba.
Nabil Bank Limited is going to issue a new debenture named “5.5% Nabil Debenture 2093” to collect funds. To manage this process, bank has appointed Global IME Capital Limited as the issue and sales manager.
Agreement Signed Between Both Companies
An agreement for this partnership was recently signed. Manoj Kumar Gyawali, who is Chief Executive Officer of Nabil Bank, and Mandeep Luitel, Chief Executive Officer of Global IME Capital, signed on the agreement document.
Details of the Rs 4 Arba Debenture
The bank is planning to issue total of 40 lakh units of debentures. Each debenture will have a face value of Rs 1,000. This is a 10-year debenture that offers an annual interest rate of 5.5 percent. Through this issue, Nabil Bank will raise a total debt capital of Rs 4 arba.
Out of the total units, the bank will sell 24 lakh units, which is worth Rs 2 arba 40 crore, through private placement. The remaining 16 lakh units worth Rs 1 arba 60 crore will be opened for the general public. Out of the units allocated for public issue, 5 percent will be reserved for mutual funds.
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