Prime Commercial Bank Rs 5 Arba 5 years 10.15% Debenture Issue Approved by SEBON

Prime Commercial Bank Limited (PCBL) 10.15%, 5 years, Prime Debenture 2084 has been approved by the Securities Board of Nepal. The regulatory board gave the nod of approval on Jestha 18, 2079.

The 10.15% Prime Debenture 2084 has 50 lakh units, each having a par value of Rs. 1,000. From the total issue, 20 lakh units will be issued to the general public while 30 lakh units will be subscribed via private placement.

As the name suggests, the 10.15% Prime Debenture 2084 has a maturity period of 5 years and will mature in the year 2084 BS. The debenture will yield a 10.15% annual return to unitholders.

Sanima Capital Limited has been appointed the issue manager.

Earlier, on 16th Chaitra, 2078 the bank had issued Rs 2.5 arba "10% Prime Debenture 2088."