Yet another good opportunity for risk averse investors to park their money at fixed 10.25% return; Nepal Bangladesh to issue debenture worth Rs 2 arba from Jestha 10

Nepal Bangladesh Bank Limited (NBB) will be issuing “10.25% NBBL Debenture 2085” from Jestha 10, 2076. The issue for 20 lakh units debenture will remain open till Jestha 14, 2076. If the issue is not subscribe till Jestha 14, then this debenture issue can be extended upto Ashad 8, 2076.

The commercial bank will be issuing 8 lakh units i.e. 40% for the general public while remaining 12 lakh units i.e. 60% of the issue will be for the private placement. Out of public quota of 8 lakh units; 5% i.e 40,000 units is set aside for mutual funds.

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

Interested applicants can place applications for minimum 25 units and maximum 1 lakh units for par value of Rs 1,000.

The application can be placed form the branches of any financial institutions providing C ASBA facilities.

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

Click here to know latest IPO, Right, FPO, Mutual Fund and Debenture Issue