Deadline Extended for the Issue of "4% NMB Urja Rinpatra (Energy Bond II) 2093/94" and "10.50% Century Debenture 2088" Till Jestha 04
Sun, May 8, 2022 10:39 AM on Latest, Bonds & Debentures,
NMB Bank Limited and Century Commercial Bank Limited has extended its deadline for the issue of "4% NMB Urja Rinpatra (Energy Bond II) 2093/94" and "10.50% Century Debenture 2088" to the general public respectively. Both the issue opened from 21st Baisakh, 2079 was supposed to close today i.e 25th Baisakh, 2079. However, the deadline has been extended till Jestha 04 as both the issue is not subscribed fully.
NMB has the total issue of bond for 35,00,000 units, with each unit having a par value of Rs. 1,000. While 21,00,000 units will be subscribed via private placement, 14,00,000 units will be offered to the general public, including a 5% quota for mutual funds. Investors can apply for a minimum of 25 units and a maximum of 14,00,000 units.
Siddhartha Capital Limited is managing this issue of the bond.
NMB started its operation on 26 December 1996 as a Class C Finance Company. The bank has been operating as a commercial bank following its up-gradation from Class C to Class A in May 2008. It is a joint venture company with foreign promoters FMO (Netherlands) holding ~14% & M/s Yong Lien Realty, Malaysia holding ~4% stake. As of mid-January 2022, promoter public shareholding of NMB stood at ~51:49. The current major promoter group of the bank includes FMO Netherlands; EPF, Nepal; Yong Lien Realty SDNBHD; Malaysia, and other individual shareholders from business houses of Nepal.
Century Commercial Bank has the total issue of debenture for 22,00,000 units, with each unit having a par value of Rs. 1,000. While 13,20,000 units worth Rs. 1.32 Arba will be subscribed via private placement, 8,80,000 units worth Rs. 88 crores will be offered to the general public, including a 10,000 unit debenture already allotted to mutual funds. Investors can apply for a minimum of 25 units and a maximum of 8,70,000 units.
Global IME Capital is managing this issue of the debenture.
Century Commercial Bank Limited (CCBL) is a National Level Commercial bank established on January 23, 2011 with the objective of providing simplified banking services by taking advantage of innovations in information and communication technology. CCBL aims to extend its reach to the unbanked population of the country and is driven by the mission of “Saral Banking Sabaiko Lagi” (simplified banking for all).
