Everest Bank offers 8.5% interest on 'Everest Bank Ltd Debenture 2086' Business 360

Everest Bank offers 8.5% interest on 'Everest Bank Ltd Debenture 2086'

KATHMANDU: Everest Bank has announced the issuance of ‘Everest Bank Ltd Debenture 2086’ from January.

The bank is issuing a total of 2 million units of debenture out of which 1.2 million units are for private placement and 800,000 units for the general public. Out of the units offered to the general public, 40,000 units have been reserved for mutual funds. The debenture is being issued at Rs 1,000 per unit and will provide 8.5% interest for a period of seven years.

In case of under-subscription, the issuance of debenture may be extended till January 20.

Since its inception, the Everest Bank has been providing services to its customers from its global network including 105 branch networks, provincial offices and 138 ATMs spread across the country. The bank has also been providing services for the government’s revenue collection from 31 collection centres.

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