Guheswori Merchant Banking & Finance Decides to Issue Rs. 26 Crore Debentures

In compliance with Nepal Rastra Bank's directives and the provisions laid out in the Act on Banks and Financial Institutions, the Board of Directors of Guheswori Merchant Banking & Finance Limited (GMFIL) convened on 5th Ashadh 2081 has made a significant decision.

The board has approved the issuance of debentures worth Rs. 26 crores. Each debenture will be priced at Rs. 1,000 with a total issuance of 2,60,000 units. These debentures, priced at Rs.1,000 each with a total of 2,60,000 units, will have a maturity period of 8 years and carry a 9% interest rate, repayable semi-annually. The issuance is subject to regulatory approvals from Nepal Rastra Bank and other necessary provisions.