The bank is issuing ’10 percent Citizens Bank Debenture 2090’ having a maturity period of 10 years.
The bank is issuing 3 million units of debenture with a face value of Rs 1,000. Out of the total offered units, the bank will privately finance 1.8 million units while it will issue 1.2 million units to the general public.
The bank has allocated 5 percent of the general public quota which is 60,000 units to the mutual funds.
Interested investors can apply for a minimum of 25 and a maximum of all units. The issue will close early on October 8 and lately on October 18.
The bank has appointed Himalayan Capital as issue manager. The interested investors can apply from all ASBA approved BFIs and Meroshare.
ICRA Nepal has assigned BBB+ rating to the issuer indicating moderate risks.
The interest will be paid semi-annually.
