The Securities Board of Nepal has granted approval to Citizens Bank International Limited’s ‘10% Citizens Bank Bond 2080.’ This regulatory clearance was given on the 29th of Bhadra, 2080.
The ‘10% Citizens Bank Bond 2080’ offering consists of a total of 30 lakh units, with each unit having a par value of Rs. 1,000. Out of the overall issuance, 12 lakh units are designated for the general public, while the remaining 18 lakh units will be made available through private placement.
Himalayan Capital Limited has been selected to serve as the issue manager for this bond offering.
As the name implies, the ‘10% Citizens Bank Bond 2080’ comes with a maturity period of 10 years, set to reach maturity in the year 2090 BS. Investors holding these debentures can anticipate an annual return of 10% on their investment.