NIC Asia bank to issue “11% NIC Aisa debenture 2082/83” from 21 Bhadra 2075. The debenture issue will be closed on 25 Bhadra. If issue is not subscribed within 4 days than it will be remains open till 19 Ashoj.
The bank will issue 18,30,000 units Debenture at the rate of Rs.1000 to general public. It has allocated 336,000 units debenture for general public & rest for others.
Interest applicants can apply for minimum 25 units & maximium 183,000 units.
The maturity period of Debenture is 7 years. The bank will provide 11% interest annually. Interest will be provided in every 6 month starting from 1 Magh for first time & 01 Shrawan for second time.
As per the bank the amount collected will be used for loan & advances 80% or 1.46 arba, investment 10% or 18.30 crore, branch extension 5% or 9.15 crore & others 5% or 9.15 crore.
Nabil Investment Banking Limited is appointed as issue manager.
Interested applicants can apply from Nabil Invetment Banking Limited & all the braches of NIC Asia Bank limited.
Its paid up capital is Rs.8.03 arba. It has reported Rs.1.52 arba net profit in FY2074/75.
