Fri, Jul 03, 2026
Prime Commercial Bank (PCBL) has extended deadline of debenture issue till July 14.
The bank is issuing '6.25% Prime Bank Debenture 2093' with a maturity period of 10 years at an interest rate of 6.25 percent.
The bank is issuing 3 million units of debentures at a face value of Rs 1,000 each. Out of the total offered shares, the bank will issue 60% i.e. 1.8 million units of debentures worth Rs 1.80 billion to private investors while the remaining 40% i.e. 1.20 million units will issued to the general public. Out of the total number of debentures allocated to public, 5% i.e. 60,000 units of debentures have been set aside for mutual funds. The interested investors can apply for a minimum of 25 units and maximum of all units of debenture. Sanima Capital Limited has been appointed as the issue manager for the debenture issuance. The investors can apply for all C-ASBA approved BFIs and Meroshare. Care Ratings Nepal has assigned a 'CareNP' Single A Minus Issue Rating to the bank. This indicates high security in terms of meeting financial obligations on time. The interest accrued will be paid half-yearly.
The bank is issuing 3 million units of debentures at a face value of Rs 1,000 each. Out of the total offered shares, the bank will issue 60% i.e. 1.8 million units of debentures worth Rs 1.80 billion to private investors while the remaining 40% i.e. 1.20 million units will issued to the general public. Out of the total number of debentures allocated to public, 5% i.e. 60,000 units of debentures have been set aside for mutual funds.
The interested investors can apply for a minimum of 25 units and maximum of all units of debenture.
Sanima Capital Limited has been appointed as the issue manager for the debenture issuance. The investors can apply for all C-ASBA approved BFIs and Meroshare.
Care Ratings Nepal has assigned a 'CareNP' Single A Minus Issue Rating to the bank. This indicates high security in terms of meeting financial obligations on time. The interest accrued will be paid half-yearly.
The gold and silver price have decreased on June 29.
