Last opportunity for risk averse investors; Machhapuchchhre Bank closing “10.25% Machhapuchchhre Bank Debenture 2085” from today

Machhapuchchhre Bank Limited (MBL) is closing the issue of “10.25% Machhapuchhre Bank Debenture 2085” from today (Bhadra 3, 2076). This debenture issue was open since Shrawan 6, 2076. The interested investors can apply today till banking hour.

MBL is issuing 30 lakh units debenture at par value of Rs.1000 each to raise debt worth Rs.3 Arba with the maturity of 10 years. Out of the total issue 1,200,000 units (40% of the issue) are for the general public while remaining 1,800,000 units (60% of the issue) will be privately placed.

“10.25% Machhapuchhre Bank Debenture 2085” opens for application; Things to know before investing

ICRA Nepal Limited has assigned ICRANP-IR A- Rating to the Rs. 3 arba Debenture Programme of Machhapuchchhre Bank Limited. Instruments with this rating are considered to have good degree of safety regarding timely servicing of financial obligations. Such instruments carry no credit risk.

The bank currently has 119 branches, 112 branchless banking unit and 141 ATM terminal in operation all over the nation.