May 24, 2019 | Investopaper
Nepal Bangladesh Bank is issuing ” 10.25% NBBL Debenture 2085″ from Jestha 10, 2076 i.e. today. The total of 20 lakhs unit debenture is being issued which will be closed on Jestha 14, 2076. It will be extended to Ashad 8,2076 if not fully subscribed.
Out of total units, 8 lakh units have been set aside for the general public. Mutual funds have been assigned 40,000 units of the general public issue.
The applicants can apply for a minimum of 25 units and maximum 1 lakhs unit at a par value of Rs. 1000. Nabil Investment Banking Limited is the issue manager of the debenture issue. Applications can be placed from branches of all financial institutions providing C-ASBA facility.
The debenture will provide a 10.25% return payable semi-annually which matures in 10 years.
Nepal Bangladesh Bank will raise 2 Arba from the debenture issue.