July 27, 2021 | Investopaper
Muktinath Bikas Bank Limited (MNBBL) is currently issuing a debenture named ‘7 years, 8.75%, Muktinath Bikas Bank Debenture 2084/85’ from Shrawan 7, 2078 BS. Due to oversubscription, the debenture offering will close on Shrawan 12, 2078 BS. If the issue had remained under-subscribed until that period, the deadline for application will extend to Shrawan 21, 2078 BS
Securities Board Of Nepal (SEBON) provided the final approval on Ashad 8, 2078 BS for the issuance of the debenture.
The bank is selling 12.50 lakh units of debenture at a par value of Rs 1000 and has plans to raise a total of Rs 1.25 Arba from the sale. Out of the total issue, the company will sell 7.50 lakh units worth Rs 75 crores to various institutions through private placements. Likewise, mutual funds will receive 25,000 units. Hence, the general public can apply for the remaining 4,75,000 units of the debenture.
One can apply for a minimum of 25 units and a maximum of 500,000 units.
The company has appointed Sanima Capital Limited as the sales manager for the debenture issuance. Both the companies have signed the agreement for the sale of the debenture. The agreement was signed by Chief Executive Officer Padyuman Pokharel on behalf of the bank and Chief Executive Officer Bhishmaraj Chalise on behalf of Sanima Capital.