The bank is issuing 10.50 percent debenture that will mature in 6 years.
The bank will issue 2 million units of debenture worth Rs 2 billion at a face value of Rs 1000. Out of them, the bank is issuing 40 percent i.e. 800,000 units worth Rs 80 million to the general public while the bank will issue 1.2 million units worth Rs 1.2 billion to private investors.
Out of the units allocated for general public, the bank has secured 5 percent i.e 40,000 units to mutual funds.
The issue will close early on August 7 and lately on August 17. The interested investors can apply for a minimum of 25 to maximum of all units.
The bank has appointed Laxmi Capital as its issue manager. The interested investors can apply from all C-ASBA approved BFIs.
Care rAtings Nepal has assigned AA- rating to the issue indicating adequate safety.
