Muktinath Bikas Bank To Issue 1.2 Million Debentures

Apr 06, 2021 09:07 AM Merolagani

Muktinath Bikas Bank (MNBBL) has geared up for the issuance of 1.2 million units of debenture.

In this regard, the bank has appointed Sanima Capital as its issue manager.

Both institutions sign an agreement regarding the appointment on April 5. The agreement was signed by Bhima Raj Chalise, CEO of Sanima Capital and Pradduan Pokharel, CEO of Muktinath Bikas Bank on behalf of their respective companies.

The bank is set to issue 1,250,000 units of debenture worth Rs 1.25 billion at a face value of Rs 1,000. Out of the total offered units, the bank will privately finance 750,000 units of debenture. The bank will issue 500,000 units of debenture to the general public.

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