"8% Nabil Debenture,2089" Added to SEBON's Pipeline; Nabil Bank to Collect Rs 3 Arba from the Issue

The Securities Board of Nepal (SEBON) has added "8 yrs, 8% Nabil Debenture, 2089" to its pipeline. The size of the debenture is Rs 3 Arba.

Nabil Bank Limited will be issuing 3,000,000 units of debenture at Rs 1000 per unit. From the total 12 lakh units are for the general public and the remaining 18 lakh units are for private placement.

Nepal SBI Merchant Banking Limited is the issue manager of this debenture issuance. The application was sent to SEBON on Ashadh 14, 2081.

As the name suggests, the 8 yrs, 8% Nabil Debenture,2089 has a maturity period of 8 years and will mature in the year 2089 BS. The debenture will yield an 8% annual return to unitholders.