Prime Commercial Bank Plans to Issue 3 Arba Rupees Debenture, Appoints Sanima Capital as Issue and Sales Manager

Prime Commercial Bank Limited issued 3,000,000 shares of Rs. 1,000 each under "8% Prime Debenture 2091". These debentures have a tenure of 10 years with an annual interest rate of 8 percent.

The bank plans to raise Rs. 1.8 billion through private placement, offering 1,800,000 shares, and Rs. 1.2 billion through a public issue, offering 1,200,000 shares, including 60,000 shares reserved for collective investment funds. Sanima Capital Limited has been appointed as the issuing and selling manager and the debenture trustee for the public issue.

Mr. Sanjeev Manandhar, CEO of Prime Commercial Bank Limited, and Mr. Bhisma Raj Chalise, CEO of Sanima Capital Limited, signed the agreement during issuance.