Nabil Debenture 2082 listed in Nepal Stock Exchange

In compliance with Nepal Rastra Bank’s regulatory requirement for issuance of debenture, Nabil Bank had issued two million units of seven years Nabil Debenture 2082 with interest rate of 10% per annum. The interest on the same is payable on half yearly basis of each fiscal year until the maturity of the debenture. The issue was for the size of Rs two billion with 60% (Rs 1.2 billion) to be sold through private placement and 40% (Rs 800 million) set aside for public including mutual fund. Amidst the difficult situation of lock down caused by the pandemic, the issue which was opened on March 15 was successfully closed on April 28 with 100% subscription. The debenture was subscribed by many insurance companies, mutual funds, retirement funds and welfare funds. Upon the successful issuance of Nabil Debenture 2082, Nabil Bank has now listed the stated debenture at the Nepal Stock Exchange. Nabil Bank’s CEO Anil Keshary Shah and NEPSE’ CEO Chandra Singh Saud signed a debenture listing agreement on July 21 at the NEPSE’s office.

Share This Post

B360

Business 360 is a magazine that delivers on quality business news content, profiles of entrepreneurs and leaders, features on issues that matter, articles that assess and analyze policy and delivery mechanisms in the world of trade and commerce

Related Post

    Leave a Reply

    Your email address will not be published. Required fields are marked *