The bank will issue 3.5 million units of debenture worth Rs 3.50 billion at a face value of Rs 1,000. Out of the total offered debentures, 2.1 million units will be privately financed while the remaining 1.4 million units of debenture worth Rs 1.40 billion will be issued to the general public.
The issue will close early on March 7 and lately on March 17. The interested investors can apply for a minimum of 25 and a maximum of 500,000 units of the debenture. The debenture will mature in 8 years and yield 8.75 percent interest payable semi-annually.
Care Ratings Nepal has assigned Care NP A- rating to the issue indicating a low risk.
The bank has appointed RBB Merchant Banking as its issue manager. The interested investors can apply for the debenture from C-ASBA approved BFIs.
