Security board of Nepal (SEBON) has approved the FPO of Citizen Bank international limited.
The bank will be issuing 463,826 units of shares for general public. The FPO price is Rs.200 adding Rs. 100 premium in the face value of Rs.100.
Global IME Capital Limited has been appointed as issue manager for FPO.
Further public offering (FPO) issuance is for changing capital structure between promoter & public. Currently, capital structure is 51.29:48.71 between promoter & public. After FPO, capital structure will be 51:49 between promoter & general public.
FPO issuance will increase paid up capital by Rs.4.63 crore & reserve by same amount.
Currently its paid up capital is Rs.8.03 arba. After the FPO issue, paid up capital will reach to Rs.9.07 arba.
