Nabil Bank Limited Reports Oversubscription of Debentures

Nabil Bank Limited (NABIL) announced today that it has experienced an overwhelming response to its debenture issuance, resulting in the oversubscription of debentures worth three Arba rupees. The bank opened the application window from 29th Mangsir to 3rd Poush, and due to unprecedented demand, Nabil Bank has ceased issuing and selling debentures after banking hours on 3rd Poush.

The bank successfully issued 30 lakh debentures at the rate of Rs. 1000 per unit. Of these, 12 lakh units valued at Rs. 1.20 arba, were allotted to the general public, while 18 lakh units worth 1.80 arba rupees were sold to individual investors. In a noteworthy move, Nabil Bank allocated 12 lakh units to the general public, including 60,000 shares amounting to 6 crore rupees for the collective fund.

Investors in these seven-year bonds are set to receive a competitive interest rate of 9%. Nabil Bank, currently operating through 22 extension counters and 313 ATM machines, boasts a network of 266 branches nationwide, serving over 18 lakh customers.