Nepal Breaking NewsNepal Stock ExchangeJyoti Bikas Bank Will Float A Debenture Of 15 Lakh Units From...

Jyoti Bikas Bank Will Float A Debenture Of 15 Lakh Units From Ashad 20

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Jyoti Bikas Bank Limited (JBBL) is issuing a from Ashad 20, 2078 BS titled ‘9 percent, 10 years, Jyoti Bikas Bank Bond 2087′. If fully subscribed, the issue close on Ashad 23, 2078 BS. However, if it remains under-subscribed until that , the application deadline will be extended to Shrawan 3, 2078 BS.

Jyoti Bikas Bank is selling a debenture in the amount of 15 lakh units. Each debenture has a of Rs 1,. As a result, the total public issue is Rs 1.50 Arba.

The bank will sell 9 lakh units worth Rs 90 crores through private placement out of the total issue. Similarly, the public can apply for the 6 lakh units worth Rs 60 crores. The mutual fund schemes will receive 30,000 units (5 percent of the total quota available to the general public).

Interested investors can apply for as few as 25 units and as many as 30,000 units.

The debenture’s issuer and sales manager is NIBL Ace .

The debenture will bear a 9% interest rate that will be paid semi-annually. It has a ten- maturity period. As a result, the bank will refund the principal in 2087 BS.

The development bank applied to the Securities Board of Nepal (SEBON) for the issuance of the debenture on Falgun 11, 2077 BS.

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