Nabil Bank to Issues Debenture worth Rs 2 Bn; Appoints Issue Manager

Apr 02, 2019 Merolagani

Nabil Bank (NABIL) is set to issue debenture worth Rs 2 billion with 7 years maturity period that yield an interest rate of 10 percent.

For that matter, the bank appointed Laxmi Capital as its issue manager. Anil Keshari Shah, CEO of Nabil Bank and Rajib Sapkota, CEO of Laxmi Capital signed an agreement regarding the matter on April 1.

The bank will issue 2 million units of debenture at a face value of Rs 1,000. It will issue 40 percent of the total offering to public while the remaining 60 percent will be privately financed.

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IB Seeks Written Clarification From Insurance Companies Failed To Capital

Jul 23, 2019 04:00 PM

Insurance Board (IB) has demanded written clarification from insurance companies that failed to meet minimum paid-up capital.