"9.50% NCC Rinpatra 2086" Closing Today
Wed, Mar 31, 2021 9:50 AM on Latest, Bonds & Debentures,
Today is the last day to apply for "9.50% NCC Rinpatra 2086".
Nepal Credit and Commerce Bank Limited has been issuing "9.50% NCC Rinpatra 2086" from Chaitra 13. The Rinpatra has issued a total of 30,00,000 units at a par value of Rs. 1,000 per unit. This issue will close today, i.e. 18th Chaitra, 2077, at the end of banking hours.
While 18 lakh units will be subscribed via private placement, 11.4 lakh units have been issued to the general public. The remaining 60,000 units are reserved for mutual funds. Investors can apply for a minimum of 25 units and a maximum of 3 lakh units.
ICRA Nepal has given this Rinpatra a rating of L Triple B. Issues with this rating are considered safe enough to meet their financial objective.
