The NIC Asia Bank is currently issuing debentures. ‘8.5 percent NIC Asia Debenture 2087‘ is the name of the debenture.
On Jestha 20, 2078 BS, the Securities Board of Nepal granted the bank authorisation for the issue of debentures.
The bank will now float a 30,00,000 unit debenture after receiving permission from SEBON.
Each unit of debenture has a par value of Rs 1,000. As a result, the total debenture issue value is Rs 3 Arba. The bank will sell 18 lakh units of debentures worth Rs. 1.80 Arba through private placement out of the entire offering.
Similarly, anyone can apply for the remaining 12 lakh units, which are worth Rs. 1.20 Arba. Mutual funds will receive 5% of the 12 lakh units available in the public offering, or 60,000 units.
The issuer and sales manager for the debenture is
Read the full article:
Debenture To Be Sold In 30 Lakh Units By NIC Asia Bank