The bank is issuing ‘NMB Energy Bond 4% 2092/93’ debenture that will yield 4 percent annual interest.
The bank is issuing 1.5 million units of debenture at a face value of Rs 1,000. Out of the total offered units, the bank will privately finance 900,000 units of debenture while it will issue 600,000 to the general public from which 5 percent totaling 30,000 units have been allotted to a mutual fund.
The interested investors can apply for a minimum of 25 and a maximum of all units. ICRA Nepal has assigned A- rating to the issue indicating an adequate degree of safety.
The bank has appointed Himalayan Capital as its issue manager. The interested investors can apply from all ASBA approved BFIs and meroshare.
