The bank is set to issue 2 million units of debenture at a face value of Rs 1,000. Out of the total offered debentures, the bank will issue 40 percent i.e. 800,000 units to the general public while the remaining 60 percent will be financed privately.
As per the bank, the debenture will mature in 10 years and yields 10 percent interest payable in every six months.
ICRA Nepal has assigned LBBB+ rating to the issue indicating moderate risk.
The bank has appointed Nabil Investment Banking as its issue manager and trustee.
