"9% Nabil Debenture 2087" Added to SEBON's Pipeline; Nabil Bank to Collect Rs 3 Arba from the Issue

The Securities Board of Nepal (SEBON) has added "9% Nabil Debenture 2087" to its pipeline. The size of the debenture is Rs 3 Arba.

Nabil Bank Limited will be issuing 30 lakh units of debenture at Rs 1000 per unit. From the total 12 lakh units is for the general public and the remaining 18 lakh units are for private placement. Similarly, the debenture will yield 9% interest for a period of 7 years.

Kumari Capital is the issue manager of this debenture issuance. The application was sent to SEBON on Ashad 17.

ICRA Nepal has reaffirmed the issuer rating of [ICRANP-IR] AA- (pronounced ICRA NP issuer rating Double A minus) to Nabil Bank Limited (Nabil), indicating a high degree of safety regarding the timely servicing of financial obligations. Such issuers carry very low credit risk.