The company is issuing 500,000 of debenture worth Rs 500 million at a face value of Rs 1,000. Out of the total offered units, 300,000 will be privately financed while the remaining 200,000 units will be issued to the general public.
The interested investors can apply for a minimum of 25 and maximum of all units. The issue will close early on February 3 and lately on February 14.
The maturity period of the debenture is 8 years and will yield 9.5 percent interest payable semi-annually.
Care Rating Nepal has assigned Care NP BB rating to the debenture indicating moderate risk.
The company has appointed NIBL Ace Capital. The applicants can apply from all C-ASBA approved BFIs.
