July 18, 2019 | Investopaper
Himalayan Bank Limited will issue debenture 2083 from today (Shrawan 2, 2076). The bank is going to issue 7 years debenture maturing on 2083. Likewise, the interest rate on the debenture is 10 percent per annum.
The bank will issue 30 lakh units debenture worth Rs. 3 Arba. Out of the total, the company is going to issue 18 lakh units worth Rs 1.8 Arba through the private placement. The general public will apply for the remaining 12 lakh units worth Rs. 1.20 Arba. The bank has reserved 60,000 units to the mutual funds from public issue size.
Care Rating Nepal has provided ‘CARE-NP A (Is)’ rating to the debenture issue of Himalayan Bank. This indicates an adequate degree of safety regarding timely servicing of financial obligation in Nepal & low credit risk.
The debenture issue will remain open until Shrawan 6, 2076. If it remains undersubscribed till that period, it will extend to Shrawan 31, 2076.
Laxmi Capital Markets is the issue manager for Himalayan Bank debenture 2083.
To know about the upcoming debentures in Nepal, click here.