Nabil Bank Issuing 30 Lakh Units "9% Nabil Debenture 2087" From Today
Fri, Dec 15, 2023 10:40 AM on Latest, Bonds & Debentures,
Nabil Bank Limited (NABIL) is opening the issue of 30,00,000 units of "9% Nabil Debenture 2087" to the general public from today.
The debenture with a maturity period of 7 years and a coupon rate of 9% open for application from today i.e. on 29th Mangsir to 3rd Poush, 2080. If the issue isn't fully subscribed, the deadline can be extended to Poush 13, 2080.
30 lakh units will be issued at a par value of Rs. 1000 per unit. Out of the total units being issued 60% i.e. 18 lakh units of the total issue will be subscribed via private placement while the remaining 12 lakh units worth Rs. 1.2 Arba will be open for public issue, 5% of which is also allocated for mutual funds. It will raise a total of Rs 3 Arba from the issuance.
Kumari Capital Limited is the issue manager. Investors can apply for a minimum of 25 units and a maximum of 12,00,000 units.
ICRA Nepal has reaffirmed the issuer rating of [ICRANP-IR] AA- - (pronounced ICRA NP issuer rating Double A minus) indicating a high degree of safety regarding the timely servicing of financial obligations. Such issuers carry very low credit risk.
