NIC Asia to close 18.30 lakh unit debenture issue today; Applicants can apply for minimum 25 units

NIC Asia Bank will be closing its issue of 18,30,000 unit '11% NIC Asia Debentures 2082/83' for the general public  as  well as for private sectors at a par value of Rs 1,000 per unit on Bhadra 27 i.e today.

The company has been issuing 3.66 lakh unit debentures for the general public while the remaining 14,64,000 is for the institutional investors.

The interest for the debentures will be paid semi-annually. The debentures will be matured after 7 years.

Nabil Investment Banking has been appointed as the issue manager for the debenture issuance.

Interested applicants can place applications for minimum 25 units of the debentures while application can be placed for maximum 1,83,000 units. The issue will close on Ashoj 19, 2075.

After the issuance of the debentures, the total debentures of the bank will reach Rs 5.33 arba.

Care Ratings Nepal has assigned CARE-NP A rating to the debentures wich indicates Low Credit Risk.

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