Rastriya Banijya Bank Extends Issue of “RBBL Debenture 2088” until Baisakh 21
April 23, 2025 | Investopaper
Rastriya Banijya Bank Limited (RBBL) is currently issuing a debenture named “RBBL Debenture 2088”. The debenture issue is open from Baisakh 7,2082 BS.
The Bank is selling 25 lakh units debenture. The par value of each unit of debenture is Rs 1,000. Hence, the total debenture issue is worth Rs 2.5 Arba.
If fully subscribed, the debenture offering was set to close on Baisakh 10, 2082 BS. However, due to under-subscritpion until that period, the deadline for application has now extended until Baisakh 21, 2082 BS.
Out of the total issue, the bank will sell 15 lakh units debenture worth Rs. 1.5 Arba through private placement. Likewise, the bank will issue 10 lakh units debentures to the general public. Thus, the total public issue amounts to Rs. 1 Arba.
The debenture will provide 7 percent interest per annum to the investors. The maturity period of the debenture is 7 years. Hence, the bank will refund the principal amount in 2088 BS.
Interested investors can apply for a minimum of 25 units and a maximum of full units.
For this purpose, Securities Board Of Nepal (SEBON) has given permission to the bank on Chaitra 8, 2081 BS. The bank had submitted the application to the board on Bhadra 14, 2079 BS seeking permission for debenture issuance. Only after the permission from the regulatory body, the bank can sell the debenture to the general public.
The bank has appointed Sanima Capital Limited as the issue and sales manager. The agreement was signed by Kaviraj Adhikari, Deputy Chief Executive Officer of the Bank and Bhishma Raj Chalise, Chief Executive Officer of Sanima Capital Limited.
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