Listing of Nabil Bank Debenture in Nepse

July 21, 2020 | Investopaper

Upon the successful issuance of Nabil Debenture 2082, Nabil Bank has now listed the stated debenture in Nepal Stock Exchange. Nabil Bank’s CEO, Mr. Anil Keshary Shah and NEPSE’ CEO, Mr. Chandra Singh Saud have signed a debenture listing agreement on July 21, 2020 in NEPSE’s office.

In compliance with Nepal Rastra Bank’s regulatory requirement for issuance of debenture, Nabil Bank had issued 2 million units of 7 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 NPR 2 Billion with 60% (NPR 1.2 Billion) to be sold through Private Placement and 40% (NPR 800 Million) was set aside for public including Mutual Fund. Amidst the difficult situation of lock down caused by Covid – 19 pandemic, the issue which was opened on Chaitra 2, 2076 was successfully closed on Baisakh 16, 2077 with 100% subscription. The Debenture was subscribed by many insurance companies, mutual funds, retirement funds and welfare funds.

Nabil bank has been providing its services through a wide domestic network of 118 branches, 175 ATMs, more than 1500 Nabil Remit agents throughout the nation and many correspondents across the globe. The Bank believes in moving “Together Ahead” with all its stakeholders.

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