Himalayan Bank to issue bond worth Rs 3 Bn from July 18

Jul 09, 2019 03:10 PM Merolagani

Himalayan Bank (@HBL|@) is set to issue 3 million units of bond worth Rs 3 billion from July 18 in a bid to strengthen its capital fund.

The debenture named 'Himalayan Bank Ltd Bond 2083' will have a maturity period of 7 years and yield 10 percent interest rate payable semi-annually.

The bank will issue 40 percent worth Rs 1.20 billion to general shareholders while the remaining 60 percent worth Rs 1.80 billion will be privately financed.

Out of the total offered bonds to the general public, the bank has allocated 60,000 units to mutual fund. The interested investors can apply from all C-ASBA approved BFIs and through meroshare software till July 22.

Upon under subscription till the closing date, the issue will extended till August 16.


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NEPSE Adjusts Stock Price of Oriental Hotels

Oct 15, 2019 10:54 AM

Nepal Stock Exchange (NEPSE) has adjusted stock price of Oriental Hotels (OHL) on October 15 after the announcement of 5 percent stock dividend following the book close for its upcoming AGM.