Laxmi Bank appoints Nabil Invest as Issue Manager

Laxmi Bank has appointed Nabil Investment Banking Limited as Issue Manager for the issue of its upcoming 10% Laxmi Bank Debentures 2086. A MoU was signed on April 22 between the two companies for the issue management service by Ajaya Bikram Shah, CEO of Laxmi Bank and Sabir Bade Shrestha, CEO of Nabil Investment Banking Limited. Nabil Investment Banking Limited has also been appointed as the trustee for the upcoming debentures.

Laxmi Bank is issuing Debentures amounting to Rs. 2 Billion with tenure of 10 years at a coupon rate of 10% p.a. The bank’s current debentures amounting Rs. 400 Million is maturing on February 2020.

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