"10% NIMB Debenture 2090" Added to SEBON's Pipeline; NIMB to Collect Rs 4.04 Arba from the Issue

Fri, Jul 7, 2023 8:51 AM on Latest, Bonds & Debentures,

The Securities Board of Nepal (SEBON) has added "10% NIMB Debenture 2090" to its pipeline. The size of the debenture is Rs 4.04 Arba.

Nepal Investment Mega Bank Limited will be issuing 4,040,000 units of debenture at Rs 1000 per unit. From the total 16.16 lakh units is for the general public and the remaining 24.24 lakh units are for private placement. Similarly, the debenture will yield 10% interest for a period of 10 years.

Prabhu Capital is the issue manager of this debenture issuance. The application was sent to SEBON on Ashad 19.