Machhapuchhre Bank Limited invites applications for “10.25% debenture 2085’: Issue open from Shrawan 6

Machhapuchchhre Bank Limited (MBL) is set to open the issue of its “10.25% Machhapuchhre Bank Debenture 2085” from Shrawan 6, 2076 to Shrawan 9, 2076.

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.

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 paid-up capital of MBL stands at Rs 8.05 arba and reserve and surplus stands at Rs 2.74 arba as of third quarter of fiscal year 2075/76. It has recoded the profit of Rs 1.24 arba upto the third quarter of 2075/76.

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