Rastriya Banijya Bank To Close Debenture 2083 On Jestha 28

June 11, 2021 | Investopaper

Rastriya Banijya Bank Limited (RBBL) is currently issuing debenture named “6 Years, 8.5% RBBL Debenture, 2083”. The debenture issue is open from Jestha 25, 2078 BS. Due to over-subscription, the debenture will close on Jestha 28, 2078. However, if the issue had remained under-subscribed, the deadline for application would have extended to Ashad 8, 2078 BS.

Securities Board Of Nepal (SEBON) provided the final approval for the debenture issuance on Baisakh 22, 2078 BS. The bank has submitted the application to SEBON on Poush 12, 2077 BS.

Rastriya Banijya Bank is floating  25 lakh units debenture. The par value of each unit of debenture is Rs 1,000. Hence, the total debenture issue is worth Rs 2.50 Arba.

Out of the total issue, the bank will sell 15 lakh units debenture worth Rs. 1.50 Arba through private placement. Likewise, the general public can apply for the remaining 10 lakh units that amount to Rs. 1 Arba. Out of the public issue size of 10 lakh units, mutual funds will receive 5 percent or 50,000 units.

The debenture will provide a 8.5 percent interest per annum payable semi-annually. The maturity period is of 6 years. Hence, the bank will refund the principal amount in 2083 BS.

NIBL Ace Capital Limited is the issue manager for the RBBL Debenture.

One can apply for a minimum of 25 units and a maximum of 2,50,000 units.

With the fall in the interest rates at current financial market, the debenture issue has attracted attention. As interest on this debenture is higher than the interest rate on the fixed deposit, investors might consider purchasing the issue as the long term investment alternative.

You May Also Like:

How To Apply IPO/FPO/Right/Debenture Through Mero Share?

List Of Upcoming Debentures In Nepal


Investopaper is a financial website which provides news, articles, data, and reports related to business, finance and economics.

Leave a Reply

Your email address will not be published.

error: Content is protected !!