Laxmi Bank Allots 10% Laxmi Bank Debentures 2086; no applicant return empty handed

The allotment of 10% Laxmi Bank Debentures, 2086 has been completed today. The issue of size Rs 2 Billion, managed by Nabil Investment Banking Ltd, was fully subscribed. Out of the total issued 2,000,000 units, 265 applicants out of public portion were allotted 79,996 units as per their demand, while 23 applicants were allotted the remaining 1,920,004 units through private placement model. The issue of the debentures was open from 10^th October to 8^th November, 2019. The allotment was completed amidst a program held today at Laxmi Bank’s head office, Hattisar, Kathmandu. The program was attended by executives of Laxmi Bank and Nabil Investment Banking Ltd.

About Laxmi Bank:

Laxmi Bank was established in 2002. Today, through its branches and a host of IT enabled channels,
the Bank serves a wide range of customers. The Laxmi Bank network consists of 116 Branches, 2
Extension counters and 4 hospital service counters across 48 districts, 141 ATMs, 2,500 remittance
agents and 64 branchless banking agents spread across the country.