The bank started issuing ‘10% KBL Debenture 2090’ having maturity period of 10 years from October 19.
The bank is issuing 5 million units of debenture worth Rs 5 billion out of which it will privately finance 60 percent i.e. 3 million units of debenture while it will issue the remaining 40 percent i.e. 2 million units of debenture to the general public. The bank has also allotted 5 percent of general public category to mutual funds.
Interested investors can apply for a minimum of 25 and maximum of 500,000 units of debentures.
The bank has appointed Nabil Investment Banking as issue manager. Interested investors can apply from all ASBA approved BFIs and meroshare.
ICRA Nepal has assigned BBB+ rating to the issue indicating moderate risks.
The debenture yield will be paid semi-annually.
