"8.5% of Everest Bank Limited Debenture 2086" Now Listed in NEPSE

8,56,783 units of "8.5% Everest Bank Limited Debenture 2086" are now listed in NEPSE.

Everest Bank Limited had issued 8,56,783 units for "8.5% Everest Bank Limited Debenture 2086". The issue had opened on 3rd Magh. The early closing date was on 6th Magh, 2078. Since the issue was not subscribed fully by the early closing date, the deadline was extended till Falgun 03.

The total of 20,00,000 units were issued at a par value of Rs.1000 per unit. 60% of the issue, i.e. 12 lakh units were to be subscribed via private placement. Meanwhile, 40%, i.e. 8 lakh units were issued to the general public. 5% of the public issue (40,000 units) was reserved for mutual funds. As per the issue manager NIBL Ace Capital, only 8,56,783 units of the total issue were allotted to applicants. The same shares are now listed in NEPSE.

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.