Out of the total offered debentures, the bank is issuing 40 percent i.e. 800,000 units to the general public while the remaining 60 percent will be financed privately.
The bank has appointed Nabil Investment Banking as its issue manager and trustee. The interested investors can apply for a minimum of 25 to maximum of 100,000 units of debentures through all C-ASBA approved BFIs and meroshare.
The issue will close on early on October 14 and lately on November 8.
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.
