NIC Asia Bank Seeks Approval to Issue NPR 5 Billion Bond, Plans Public and Private Placement
Author
NEPSE trading
NIC Asia Bank has requested approval from the Nepal Securities Board to issue bonds worth NPR 5 billion. This initiative aims to enhance the bank’s capital base and offers investors an attractive opportunity to invest at a competitive interest rate.
Total Bond Value: The bank plans to issue bonds worth a total of NPR 5 billion.
Unit Price: Each bond unit is priced at NPR 1,000.
Unit Quantity Details: The bank has sought approval to sell a total of 5 million units, of which 2 million units will be issued to the general public, while the remaining 3 million units will be sold through private placement.
Bond Name: This bond has been named “NIC Asia Bank Bond 2091.”
Term and Interest Rate: This 10-year bond will offer an annual interest rate of 8%.
Sales Manager: Prabhu Capital will manage the issuance and sale of these bonds.
This bond issuance will support NIC Asia Bank in securing long-term capital while providing investors with an opportunity for long-term investment through an attractive interest rate. This move by NIC Asia Bank is expected to further expand Nepal's financial market.
