Debenture Issue Added to SEBON's Pipeline; These Two Banks Aiming to Float Debenture in Near Future

Securities Exchange Board of Nepal (SEBON) has added debenture issues of two commercial banks under preliminary review in the latest list of Debenture Pipeline Status published.

Civil Bank Limited (CBL) “11% Civil Bank Debenture 2084” and Nepal Bank Limited (NBL) “10.5% Nepal Bank Debenture 2084” have been added under preliminary review by the board.

Civil Bank has proposed to issue 50 lakhs units at par value of Rs. 1000 per unit to raise debt worth Rs. 5 Arba. The debentures will provide an interest of 11% p.a. and will mature in a period of 5 years. Out of the total units, 20,00,000 units will be offered to the general public will remaining 30,00,000 units will be privately placed. Global IME Capital Limited has been appointed as the issue manager for the debenture issue.

Whereas, Nepal Bank has proposed to issue 25 lakhs units at par value of Rs.1000 each to raise debt worth Rs. 2.5 Arba. The debentures will offer an interest rate of 10.5% p.a. and will mature in a period of 5 years. Out of the total units, 10,00,000 units will be offered to the general public will remaining 15,00,000 units will be privately placed. Nabil Investment Banking Limited has been appointed as the issue manager for the debenture issue.