Rastriya Banijya Bank is set to launch its new debenture issue called RBBL Debenture-2089 starting from Ashwin 29 which is worth 3 arba rupees.
Details of the Debenture Issue
The bank is bringing total 30 lakh units of debentures to the market. Each unit will have a face value of 1,000 rupees. Out of this total, 18 lakh units are kept for individual investors while 12 lakh units are for the public issuance. From the public share, 5 percent which is 60,000 units are reserved for mutual funds and the remaining 11 lakh 40,000 units are for the general public.
How to Apply and Duration
Investors can apply for this debenture through C-ASBA member banks and their branches that have permission from the Securities Board of Nepal. People can also apply online using the Mero Share platform of CDSC. The application process will close on Kartik 10 at the earliest or Kartik 12 at the latest after the banking hours finished.
Interest and Management
This is a 7 year long term bond. Investors will get 6 percent interest every year on their investment. Kumari Capital is appointed as the issue manager for this debenture. The company announced to offering this opportunity for people who want safe investment.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
