NIC ASIA Bank has appointed Nepal SBI Merchant Banking as an issue manager for its upcoming 11% NIC ASIA debenture 2085-86.
The company will be issuing 40 lakh unit debentures at the rate of Rs.1000 which worth Rs.4 arba in total.
The agreement paper is signed by Acting CEO of NIC Aisa Bank Mr.Roshan Kumar Neupane and CEO of SBI Merchant bank Chhabiraj Pant.
The proposed debenture will be floated to market after receiving final approval regularity body (SEBON).
The debenture will pay interest of 11% per annum for debenture holders which will be paid semi-annually. Its maturity period is 10 years.
