The bank is issuing ‘10% Prime Debenture 2088’ worth Rs 2.50 billion from March 30. The debenture yields 10 percent interest and has a maturity period of 10 years.
The bank is issuing 2.5 million units of debenture, out of which, 1 million units will be issued to the general public and the remaining 1.5 million will be issued to the private investors.
Out of the offered units to the general public, the bank has allocated 5 percent i.e. 50,000 units to the mutual funds.
Now, the issue will close on April 13.The interested investors can apply for a minimum of 25 and maximum of 500,000 units of debentures.
The bank has appointed RBB Merchant Banking as its issue manager. The interested investors can apply from all CASBA approved BFIs and meroshare software.
Care Ratings Nepal has assigned AA- rating to the issue indicating moderate risk.
