Rastriya Banijya Bank Limited (RBBL) would issue a debenture titled “6 Years, 8.5 percent RBBL Debenture, 2083.” On Poush 12, 2077 BS, the bank filed an application with the Securities Board of Nepal (SEBON) for the issuing of debentures.
Rastriya Banijya Bank will issue a 25 lakh unit debenture if permitted by SEBON. Each debenture unit has a par value of Rs 1,000. As a result, the total debenture issue is Rs 2.50 Arba. The bank will sell 15 lakh units of debenture totaling Rs. 1.50 Arba through private placement out of the total issue. Similarly, the general public can apply for the remaining 10 lakh units of Rs. 1 Arba. Mutual funds will receive 5%, or 50,000 units, of the public issue size of 10 lakh units.
The debenture will pay an annual interest rate of 8.5 percent, payable semi-annually. The maturation time is 6 years. As a result, the bank will return the principal in 2083 BS.
The RBBL Debenture is managed by NIBL Ac
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Rastriya Banijya Bank Will Issue a Debenture of 25 Lakh Units