SEBON gives final approval for ’10.25% Machhapuchchhre Bank Debenture 2083’; debt worth Rs.3 Arba to be raised

Securities Exchange Board of Nepal (SEBON) has provided the final approval to the proposed issue of ‘10.25% Machhapuchchhre Debentures 2083’ in the latest list of debentures approved.

Machhapuchchhre Bank Limited (MBL) is looking to raise a debt worth Rs.3 Arba through issue of 3 Million units of debentures at par value of Rs.1000 each. Out of the total issue 1,200,000 units (40% of the issue) are for the general public while remaining 1,800,000 units (60% of the issue) will be privately placed.

The debentures will be providing 10.25% interest p.a. which will be paid semi-annually. These debentures will mature after a period of 7 years.

NMB Capital Limited has been appointed as the issue manager for the debenture issue.