The bank is issuing ‘8.75% Muktinath Debenture/bond 2084/85’ with a maturity period of 7 years.
The bank will 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 bank has allocated 5 percent of the general quota to the mutual funds.
The issue will close early on July 26 and lately on August 5. The interested investors can apply for a minimum of 25 and a maximum of 500,000 units through all C-ASBA approved BFIs.
The bank has appointed Sanima Capital as its issue manager. Care Ratings Nepal has assigned BBB rating to the issue indicating moderate risk.