Nepal Breaking NewsNepal Stock ExchangeMuktinath Bikas Bank Will Issue Debentures In The Amount Of 12.50 Lakh...

Muktinath Bikas Bank Will Issue Debentures In The Amount Of 12.50 Lakh Units

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Muktinath Bank Limited (MNBBL) is preparing to issue a dubbed the “7 years, 8.75 percent, Muktinath Bikas Bank Debenture.̶; The Securities Board of Nepal (SEBON) has given final approval for the issuance of debentures on Ashad 8, 2078 BS.

Following SEBON’s approval, the bank will sell 12.50 lakh debenture units. The debenture will be sold at a par value of Rs 1000, and the company expects to raise Rs 1.25 Arba from the . The company will sell 7.50 lakh units worth Rs 75 crore to various institutions through private placements out of the total issue. Mutual funds will also receive 25,000 units. As a result, anyone can apply for the remaining 4,75,000 debenture units.

Sanima Capital Limited has appointed as the sales manager for the debenture issuance. The agreement has been signed by both companies. Executive Officer Padyuman Pokharel signed the agreement on behalf of the bank, and Chief Executive Officer Bhishmaraj Chalise signed it on behalf of Sanima Capital.

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