Nabil Banking to issue debenture for Nepal Bangladesh Bank

Feb 22, 2019 Merolagani

Nepal Bangladesh Bank (NBB) has appointed Nabil Investment Banking as its issue manager for its upcoming debenture issue. Sabir Bade Shrestha CEO of Nabil Banking and Gyanendra Prasad Dhungana CEO of Nepal Bangladesh Bank signed an agreement regarding the matter.

Nepal Bangladesh Bank is set to issue 2 million units of 'NBB Debenture2085/86' at a price of rs 1000 amounting to Rs 2 billion in near future.

Out of the total debenture, the bank will issue 40 percent debenture worth Rs 800 million to general public.

The bank will issue the debenture after obtaining approval from SEBON. The debenture will yield 10.25 percent interest and will mature in 10 years.

 

comments powered by Disqus