"8.5% Nepal Bank Rinpatra 2087" Allotted to Applicants

Nepal Bank Limited has allotted "8.5% Nepal Bank Rinpatra 2087" to applicants on Jestha 09. The issue opened on Baisakh 22 and closed on Baisakh 31.

"8.5% Nepal Bank Rinpatra 2087" is a bond issued by Nepal Bank Limited. As the name suggests, the issue has a coupon rate of 8.5% and will mature in the year 2087 B.S. The coupon rate is simply the annual return on investment promised to the investor.

A total of 35,00,000 were issued at Rs. 1,000 per unit. Of the 5% of total units reserved for mutual funds, only 15,000 units had been distributed. Thus, 13,85,000 units were issued to the general public and the remaining 21,00,000 units will be subscribed via private placement. The quantity not subscribed by the general public in their quota will be transferred to the private placement quota.

Applicants will be refunded from today, i.e. Jestha 10.

Announcement