NIC Asia Bank to float Debenture worth Rs.4 arba & Global IME Bank to float debenture worth Rs.1.5 arba.
Both commercial banks got final approval to float debenture on 30 Poush 2075.
NIC Asia Bank will float “10% NIC Asia Bank Debenture 2085/86” worth Rs. 4 arba. Debentures holders will be given 10% interest annually. It’s maturity period is 10 years.
It will be issuing 4,000,000 units at the rate of Rs.1000. It had allocated debenture worth Rs.1.60 arba for public & rest for others
The issue will be managed by Nepal SBI capital Limited.
Global IME Bank will float “10% Global IME Bank Debenture 2080/81” worth Rs.1.5 arba.
Its maturity period is 5 year. The debentures holders will get 10% interest annully.
It will be issuing 1,500,000 units of debentures at the rate of Rs.1000. It had allocated debenture worth Rs. 60 crore for public & rest for others.
The issue will be managed by NIBL ACE Capital limited.
Also read: what is Debenture? Benefit of investing on Debentures.
