Out of the total offered units, 1.8 million units of debenture worth Rs 1.80 billion will be privately financed, whereas, 1.2 million units worth Rs 1.2 billion will be issued to public.
Out of the total allocated units to public, the bank has allocated 5 percent to mutual funds which mean the general public can apply for the remaining 1.14 million units of debentures.
The interested investors can apply for a minimum of 25 and maximum of all debentures through all C-ASBA approved BFIs and meroshare software.
The debenture with a maturity period of 7 years will yield 8.5 percent interest payable semi-annually.
NMB Capital is the issue manager for the bank. The issue will close early on October 6 and lately on October 16.
ICRA Nepal has assigned ICRA NP L A minus grade to the issue indicating an adequate degree of safety regarding timely servicing of financial obligations, also indicates low credit risk.
