Nabil Bank to issue ‘Nabil Debenture 2087’ from Dec. 15

KATHMANDU, DECEMBER 13: Nabil Bank Limited is set to issue ‘Nabil Debenture 2087’ worth Rs. 3 billion from December 15, 2023. The bank plans to issue 3 million units of debentures each having a par value of NPR 1,000, aggregating to NPR 3 billion.

From the total of 3 million units,1.2 million units, valued at Rs 1.2 billion, will be issued to the general public while a 5% quota (60,000 units of Rs. 60 million) is reserved for mutual funds. The remaining 1.8 million units, totalling NPR 1.8 billion, will be allocated through private placement.

According to the bank, individual investors can apply for a minimum of 25 units and a maximum of 1.2 million units. The debenture has a maturity period of 7 years and will yield 9% annual returns to unitholders. As per the bank, the early deadline for applying for the debenture has been set for December 19, 2023. If not fully subscribed by the early closing date, the deadline can be extended to December 29, 2023.

Nabil Bank is one of the leading commercial banks of Nepal. The bank has 266 branch networks, 22 extension counters, 313 ATMs along with an above 1.8 million customer base across the country.