NIC Asia Bank closing the issue of “10.25% NIC Asia Debenture 2083/84” from today; debenture matures in 10 years

NIC Asia Bank Limited (NICA) is closing the issue of “10.25% NIC Asia Debenture 2083/84” from today (Bhadra 3, 2076). The interested investors are requested to apply before banking hour today.

NIC Asia is issuing 44 lakh units debenture at par value of Rs.1000 each to raise debt worth Rs.4.4 Arba with the maturity of 10 years. Out of the total issue 17,60,000 units (40% of the issue) are for the general public while remaining 26,40,000 units (60% of the issue) will be privately placed.

The debenture will be providing 10.25% return on the investment which will be paid semi-annually and this debenture matures in 10 years.

Consider these information before applying for “10.25% NIC Asia Debenture 2083/84”; Rs 4.4 arba worth of debentures open for application from Shrawan 06, 2076

CRNL has assigned “CARE-NP A” rating to the new proposed Subordinated Debenture “NIC ASIA Debenture 2083/84” issue of NIC Asia Bank Limited worth Rs 4.4 arba. The instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations, in Nepal. Such instruments carry low credit risk.