Nepal Investment Bank debenture 2082 to open from today
June 7, 2019 | Investopaper
Nepal Investment Bank is going to issue debenture 2082 from today (Jestha 24, 2076). The company will issue 20,00,000 units debentures worth Rs. 200 crores. The debenture issue will remain open until Jestha 28, 2076. If the issue is not fully subscribed until that period, it will extend to Ashar 22, 2076.
The maturity period of the debenture is of 7 years. The debenture will mature on 2082 B.S. The interest rate on debenture is 10.50 percent per annum.
Out of the total issue amount, Rs. 120 crores worth of debenture will be issued through private placement. The remaining Rs. 80 crores worth of debenture is the public issue size. 5 percent of public issue size or 40,000 units of debenture is reserved for the mutual funds. The par value of each debenture is Rs. 1000.
ICRA Nepal has given LA+ rating to the 10.50% Nepal Investment Bank debenture 2082. This indicates ‘low credit risk’ for the debenture.
