Kumari Bank Issuing Rs. 5 Arba Worth "10% KBL Debenture 2090" from Today
Thu, Oct 19, 2023 8:05 AM on Latest, Bonds & Debentures,
Kumari Bank Limited (KBL) is opening the issue of 50,00,000 units of "10% KBL Debenture 2090" to the general public and institutions from today.
The debenture with a maturity period of 10 years and a coupon rate of 10% will be open for application from today i.e. on 2nd Kartik to 12th Kartik, 2080. If the issue isn't fully subscribed, the deadline can be extended till Kartik 16, 2080.
50 lakh units will be issued at a par value of Rs. 1000 per unit. Out of the total units being issued 60% i.e. 30 lakh units of the total issue will be subscribed via private placement while the remaining 20 lakh units worth Rs. 2 Arba is open for the public issue, 5% i.e. 1,00,000 is also allocated for mutual funds.
Nabil Investment Banking Limited is the issue manager. Investors can apply for a minimum of 25 units and a maximum of 5,00,000 units.
ICRA Nepal has reaffirmed the issuer rating of [ICRANP-IR] BBB+ (pronounced ICRA NP issuer rating triple B plus) to The bank. Issuers with this rating are considered to have a moderate degree of safety regarding the timely servicing of financial obligations.
