Nepal Breaking NewsNepal Stock ExchangeMachhapuchchhre Bank Will Issue Debentures Rs 3 Arba

Machhapuchchhre Bank Will Issue Debentures Worth Rs 3 Arba

Must Read
spot_img

Machhapuchchhre Bank is currently issuing debentures. On Baisakh 15, 2078 BS, the bank submitted an to SEBON for the issuance of debentures. If SEBON approves, the bank will 30 lakh units of the debenture.

Each debenture unit has a par of Rs 1,. As a result, the total debenture issue is Rs 3 . The bank will sell 18 lakh units of debenture worth Rs. 1.80 Arba through private placement out of the total issue. Similarly, the public may apply for the remaining 12 lakh units, which are worth Rs. 1.20 Arba. Mutual funds will receive 5%, or 60,000 units, of the public issue size of 12 lakh units.

The bank will pay 8.5 percent interest on the debenture semi-annually. The debenture has a 10-year maturity period. As a result, the principal amount on 2087 BS will be refunded by Machhapuchchhre Bank.

The debenture’s issuer and sales manager is Nabil Investment Banking Limited.

interest rates on the decline in the current financial , the debenture issue is likely to garner attention. Because the interest rate on this debenture is higher than the interest rate on a fixed deposit, investors may want to consider the issue as a long-term investment option.

You May Also Like:

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest

Cooperation between Nabil Bank and DV Excellus on agricultural credit

Nabil Bank and DV Excellus (Farming App) have agreed to enable farmers registered on the Farm platform with easy...

More Articles Like This