The bank is issuing 2.5 million units of debenture with a face value of Rs 1,000 per unit. Out of the total offered debentures, the bank is issuing 1 million units of debenture worth Rs 1 billion to the general public while the remaining 1.5 million units worth Rs 1.50 billion will be privately financed.
Moreover, the bank has allotted 5 percent of debenture from the general public allocation to mutual funds.
The interested investors can apply for a minimum of 25 units and a maximum of 970,000 units of debentures through all ASBA approved BFIs.
As per the bank, the debenture that matures in 10 years period will yield 10.25 percent interest rate.
The bank has appointed Global IME Capital as its issue manager. The issue will close early on March 6 and lately on March 17.
ICRA Nepal has assigned ICRA NP L BBB+ rating to the issue indicating medium credit risk.
