Nabil Bank Seeks Approval to Issue Debentures

Approval for Debenture Issuance:

Nabil Bank has requested permission from the Nepal Securities Board to issue debentures. The debentures are priced at NPR 1,000 per unit. A total of 3 million units (equivalent to NPR 3 billion) of debentures are being sought for approval.

Units for General Public and Institutions:

1.2 million units will be issued to the general public. 1.8 million units will be sold by the bank to other institutions at its discretion.

Interest Rate and Term:

The debentures, named 'Nabil Bank Debenture, 2089,' will have an annual interest rate of 8%. The term of the debentures is 8 years.

Sales Manager:

Nepal SBI Merchant Banking Limited will be the sales manager.