12 lakh unit debentures of Kumari Banks open for application from today; Company providing 10.25% interest for 10 years

Kumari Bank Limited (KBL) will be issuing 30 lakh unit debentures from Poush 14, 2076 to Poush 17, 2076. In case of under-subscription, the issue will be extended till Magh 14, 2076.

"10.25% Kumari Bank Debenture 2086" will be issuing debentures worth Rs 3 arba at Rs 1000 per unit. From the total 30 lakh units, 12 lakh units has been separated for the General public while 18 lakh units have been separated for private placement.

Interest individuals can apply for a minimum of 25 units or a maximum of 12 lakh units.

Nepal SBI Merchant Banking Ltd. has been appointed as the issue manager.

ICRA Nepal has assigned an issuer rating of [ICRANP-IR] BBB+ (pronounced ICRA NP issuer rating triple B plus) to Kumari Bank Limited (KBL). It has also assigned [ICRANP] LBBB+ (pronounced ICRA NP L triple B plus) to the proposed subordinated debenture program of KBL.

Also read: "10.25% Kumari Bank Debenture 2086" receiving application from Poush 14, 2076; Vital information you need to know before investing