Nabil permitted to float 3 million units of bonds

KATHMANDU, NOVEMBER 28: The Securities Board of Nepal (SEBON) has lately permitted Nabil Bank to issue bonds worth Rs 3 billion. A total of 3 million units of bonds will be issued with each unit bond valued at Rs1,000. Of the total monetary value, the bank plans to generate Rs 1.80 billion through private placement and the remaining R 1.20 billion by offering to the general public.

The bonds have a maturity period of 7 years and yield 9 percent per annum. The task of the issue management of these credit instruments is being looked after by Kumari Capital Limited.