Nepal Investment Mega Bank Allotted "10% NIMB Debenture 2090" to The Valid Applicants on 10th Falgun
Fri, Feb 23, 2024 10:17 AM on Latest, Bonds & Debentures,
Nepal Investment Mega Bank Limited (NIMB) has concluded allotment for the public issue of the "10% NIMB Debenture 2090" on 10th Falgun, 2080.
The issue had opened on 1st Falgun and closed on 4th Falgun, 2080.
40.40 lakh units were issued at a par value of Rs. 1000 per unit. Out of the total units issued 60% i.e. 24.24 lakh units, the total issue was to be subscribed via private placement while the remaining 16.16 lakh units worth Rs. 1.61 Arba was open for public issue, 5% i.e. 80.80 thousand units were allocated for mutual funds. It will raise a total of Rs 4.40 Arba from the issuance.
As the name suggests, the "10% NIMB Debenture 2090" is a debenture with a maturity period of 10 years and a coupon rate of 10%.
Prabhu Capital Limited was the issue manager.
