Last day to secure right shares of Corporate Development Bank

Jan 09, 2022 08:41 AM Merolagani

Today is the last day to secure right shares of Corporate Development Bank (CORBL). 

The bank is closing its book on January 10, thus, the shareholders registered in its book till January 9 will be eligible to apply the right shares.

The bank is planning to issue 1:1.5 right shares to its existing shareholders from January 21.
The bank will issue 3 million units of right shares worth Rs 300 million. 

The bank has appointed Civil Capital as its issue manager. The interested applicants can apply for the shares from civil capital and all branches of Corporate Development Bank. Apart from there, they can also apply from all ASBA approved BFIs and meroshare software. The issue will close on February 10.

Care Ratings Nepal has assigned B+ rating to the issue indicating high risk. The current paid-up capital of Rs 200 million will reach Rs 500 million after the right issue.

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