Last day to apply for debenture issued by Nepal Bangladesh Bank

Jun 23, 2019 11:20 AM Merolagani

Today is the last day to apply for debenture issued by Nepal Bangladesh Bank (NBB). The bank started issuing 2 million units of 'NBB Debenture2085/86' at a price of Rs 1000 amounting to Rs 2 billion from May 24.

Out of the total debenture, the bank is issuing 40 percent debenture worth Rs 800 million to general public. The rest of the 60 percent debenture worth Rs 1.20 billion will be privately financed.

Nepal Bangladesh Bank has appointed Nabil Investment Banking as its issue manager for the debenture issue. As per the bank, the debenture will yield 10.25 percent interest payable in every six months and will mature in 10 years.

The interested investors can apply for the debenture from meroshare software as well as all C-ASBA approved BFIs.

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