Citizens Bank Debentures added to SEBON pipeline; debentures worth Rs.2.50 Arba to be issued

Securities Board of Nepal (SEBON) has added "10.25% Citizens Bank Rinpatra 2086" to its pipeline for review and approval.

Citizens Bank International Limited (CZBIL) is issuing a total of 25 Lakh units of debentures at par value of Rs.1000 per unit. The total value of the issue is Rs.2.50 Arba and will be providing 10.25% interest rate. The debenture will mature in 10 years i.e. in 2086.

Out of the total issue, 10 Lakh units (40% of the issue) will be issued to the general public while the remaining 15 Lakh units (60% of the issue) will be privately placed.

Global IME Capital Limited has been appointed as the issue manager.