NMB Bank to issue Preference Shares

Sep 01, 2024 11:28 AM Merolagani



NMB Bank (NMB) is set to issue Perpetual Non-Cumulative Preference Shares.

The bank is preparing to issue 30 million units of preference shares worth Rs 3 billion. The shares will have face value of Rs 100.

The dividend rate for the Perpetual Non-Cumulative Preference Shares has been fixed at 8.5 percent.

The bank will issue the shares after obtaining approval from Nepal RAstra Bank and other regulatory bodies.




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