Machhapuchchhre Bank brings whopping Rs 3 arba debenture program for grab; could be good opportunity for long-term investors wanting to play safe with 10.25% interest for 10 years

Machhapuchchhre Bank has started issuing its 10.25% Machhapuchchhre Bank debenture program 2085 from Shrawan 6, 2076. The debenture with 10.25% interest yield amounts to Rs 3 arba where each unit costs Rs 1000.

The debenture will have maturation period of 10 years where 40% of Rs 3 arba i.e. Rs 1.20 arba will be floated for general public and Rs 1.80 arba worth debentures for mutual funds.

The offer will remain open for general public till Shrawan 9, 2076 which could also be extended till Bhadra 3, 2076 if the issue remains unsubscribed. The debenture program is being issued and managed by NMB Capital, as per the media statement.

Interested investors can apply for minimum 25 unit to 11.70 lakh unit debentures via any ASBA approved BFIs as well as through Meroshare online application platform.

The bank currently provides its services from its 132 branches, 144 ATM terminals, and 112 branchless banking units.