Out of the total offered debentures, the bank will issue 40 percent i.e 1.2 million units to the general public while the remaining 60 percent i.e. 1.8 million will be financed privately.
As per the bank, the debenture will mature in 7 years and yields 10.25 percent interest payable semi-annually. The bank has appointed Siddhartha Capital as its issue manager and trustee.
The interested investors can apply for a minimum of 25 and maximum of 300,000 units of debenture.
Care Rating Nepal has assigned Care NP-A rating to the issue indicating low credit risk.
