"8.5% Everest Bank Limited Debenture, 2086" Opening From Today

Everest Bank Limited is issuing the "8.5% Everest Bank Limited Debenture, 2086" from today, i.e. 3rd Magh. The early closing date is on 6th Magh, 2078. If not subscribed fully by the early closing date, the issue can be extended till Magh 17.

20,00,000 units will be issued at a par value of Rs.1000 per unit. 60% of the issue, i.e. 12 lakh units will be subscribed via private placement. Meanwhile, 40%, i.e. 8 lakh units will be issued to the general public. 5% of the public issue (40,000 units) have been reserved for mutual funds.

Investors can apply for a minimum of 25 units to a maximum of 1,00,000 units.

As the name suggests, the "8.5% Everest Bank Limited Debenture, 2086" will yield 8.5% annual returns to unitholders till its date of maturity, i.e. year 2086 BS.

Care Ratings Nepal has given the bank a rating of "CARE-NP AA-", denoting low credit risk and adequate safety regarding timely servicing of financial obligations. The rating given on July 11, 2021, is valid till June 05, 2022.

The bank currently has 105 branches, 138 ATM outlets, and 31 revenue collection counters

Offer Letter