Deadline of "8.5%, 7 years, Nepal Investment Bank Bond 2084" Extended
Tue, Feb 2, 2021 10:40 AM on Latest, Bonds & Debentures,
The issue of "8.5%, 7 years, Nepal Investment Bank Bond 2084" is open from Magh 16.
Nepal Investment Bank's debenture with a maturity period of seven years was approved by SEBON on Mangsir 18. The debenture titled "8.5%, 7 years, Nepal Investment Bank Bond 2084" has a coupon rate of 8.5%. The coupon rate is simply the annual payment made by the issuer of the bond to the investors.
A total of 40 lakh units are registered. 16 lakh units have been opened for the public issue and 24 lakh units will be subscribed via private placement. Rs. 1000 is the par value. Meanwhile, RBB Merchant Banking has been appointed the issue manager. Investors can apply for a minimum of 25 units and a maximum of 2.5 lakh units.
Although the early closing date of the issue was today, i.e. on Magh 20, the issue is not fully subscribed. Thus, the deadline has been extended to Magh 30, 2077. However, if the issue is fully subscribed before that day, the issue manager can close the issue earlier.
