Last day to apply for 8.5% Debenture of Machhapuchchhre Bank

Jul 29, 2021 11:31 AM Merolagani

Today is the last day to apply for 8.5% Debenture of Machhapuchchhre Bank (MBL).

The bank is issuing 3 million units of ‘8.50 percent Machhapuchchhre Debenture 2087’ worth Rs 3 billion from July 15. It has a maturity period of 10 years.

Out of the total offered units, the bank will issue 1.2 million units worth Rs 1.20 billion to the general public while the remaining 1.8 units worth Rs 1.8 billion will be privately financed. Out of the general public quota, the bank has secured 5 percent i.e. 60,000 units for mutual funds.

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 Nabil Investment Banking as its issue manager. ICRA Nepal has assigned A- rating to the issue indicating an adequate degree of safety and low credit risk.

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