Nabil Bank's Rs. 3 Arba '7 years, 9% Nabil Debenture 2087' Issue Approved by SEBON

Nabil Bank Limited's '9% Nabil Debenture 2087' has been approved by the Securities Board of Nepal. The regulatory board gave the nod of approval on Mangsir 10, 2080.

The 9% Nabil Debenture 2087 has 30 lakh units, each having a par value of Rs. 1,000. From the total issue, 12 lakh units will be issued to the general public while 18 lakh units will be subscribed via private placement.

Kumari Capital Limited has been appointed as the issue manager.

As the name suggests, the 9% Nabil Debenture 2087 has a maturity period of 7 years and will mature in the year 2087 BS. The debenture will yield a 9% annual return to unitholders.