Nabil Banks’s “Debenture 2085” issued from today
Nabil Bank Limited ( NABIL ) has opened the issuance and sale of bonds at an annual interest rate of 8 percent from today. The bank has opened the issue and sale of ‘8 percent Nabil Debenture 2085’ for a period of 7 years from today.
Nabil Bank has issued 3 million debentures worth Rs 3 billion from today.
Named as ‘8 percent Nabil Debenture 2085’, the seven-year bond is being sold at a face value of Rs 1,000 per unit. While investing in this bonds, you will get 8 percent interest annually.
Of the total 3 million bonds to be sold by Nabil Bank, 1.2 million rupees worth Rs 1.20 billion will be sold to the public and the remaining 1.8 million rupees worth 1.8 billion rupees will be sold individually, the bank said.
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Of the bonds sold to the public, 5 percent or 60,000 shares have been set aside for collective investment funds.
Applications for the purchase of the bonds should be submitted as soon as possible by July 30. If the application is not received by that time, the eviction period will be extended till July 8. Investors will be able to apply for a minimum of 25 lots and a maximum of the whole lot.
The issuer and sales manager of the bank is Himalayan Capital Limited. Investors can apply for the purchase of the bonds from C-ASBA member banks and financial institutions and their branch offices.
In the credit rating issued for the issuance of bonds, ICRA Nepal has given the bank a ‘ICRNP IR Double A Minus’ rating with very low credit risk. Institutions that receive that rating are considered to be highly secure in fulfilling their financial obligations on time.