EBL issuing 8% debenture from Ashad 24

Kathmandu, July-1 Everest Bank Limited a joint venture of Punjab National Bank is floating 6 lakhs units of debenture yielding 8% interest rate with maturity of 6 year at a face value of Rs 1000 per unit from Ashad 24 which will close on Ashad 28 and the maximum closing date has been set for Shrawan 7.

Out of 6, 00,000 units shares  4,80,000 units will be sold on private placement basis  30,000 units have been set aside for the mutual funds and remaining 90,000 units is set aside for general public.

Among 30,000 aside for mutual fund 4,000 unit has been assigned to NMB Sulav Investment Fund, 8,000 units for NIBL Sambriddhi Fund, 6,000 unit of shares for Siddhartha Equity Oriented Scheme remaining 12,000 units shares to the schemes under CIT.

Interested investors can apply for a minimum of 25 units.

Nabil Investment Bank Limited is appointed as the issue manager.

Everest Bank had a net profit or Rs 1.19 arba in the third quarter of current fiscal year. Its Earning per Share stands at Rs 83.04 and net worth per share at Rs 302.97.

Investors can apply for the debenture through the head office or any branches of Everest Bank Limited.