Muktinath Bikas Bank to issue debenture worth Rs 1.25 billion

Jun 23, 2021 04:30 PM Merolagani

Muktinath Bikas Bank (@MNBBL@) has sought approval from Securities Board of Nepal (SEBON) to issue debenture worth Rs 1.25 billion on June 22.

The bank is planning to issue 1,250,000 units of debenture worth Rs 1.25 billion with a face value of Rs 1,000.

Out of the total offered units, the bank will privately finance 750,000 units and publicly issue 500,000 units.

The dividend will yield 8.75 percent interest and will mature in 7 years period.

The bank has appointed Sanima Capital as its issue manager.  

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