"4% NMB Urja Rinpatra (Energy Bond II) 2093/94" Opening From Today
Wed, May 4, 2022 5:07 AM on Latest, Bonds & Debentures,
NMB Bank Limited has published an offer letter to issue a bond titled "4% NMB Urja Rinpatra (Energy Bond II) 2093/94." The bond issue opened from today i.e 21st Baisakh and will conclude on 25th Baisakh, 2079. If not subscribed by then, the deadline can be extended till Jestha 04.
The total issue is for 35,00,000 units, with each unit having a par value of Rs. 1,000. While 21,00,000 units will be subscribed via private placement, 14,00,000 units will be offered to the general public, including a 5% quota for mutual funds.
Investors can apply for a minimum of 25 units and a maximum of 14,00,000 units.
NMB started its operation on 26 December 1996 as a Class C Finance Company. The bank has been operating as a commercial bank following its up-gradation from Class C to Class A in May 2008.
It is a joint venture company with foreign promoters FMO (Netherlands) holding ~14% & M/s Yong Lien Realty, Malaysia holding ~4% stake. As of mid-January 2022, promoter public shareholding of NMB stood at ~51:49. The current major promoter group of the bank includes FMO Netherlands; EPF, Nepal; Yong Lien Realty SDNBHD; Malaysia, and other individual shareholders from business houses of Nepal.
