Global IME’s Debenture Over Subscribe

KATHMANDU: MONDAY, APRIL 5, 2021 – Debentures issued by Global IME Bank Limited have been subscribed. The bank has stated that it has opened sale by issuing Global IME Bank Debenture 2086-87 on Chaith 1.

The bank had issued 3 million bonds with a face value of Rs 1,000 per 1,000 bonds. The bank has stated that the issuance and sale of bonds is scheduled for Chaith 16.

The bank says that there is an arrangement to apply for a minimum of 25 lots and a maximum of 1 million lots in the bonds issued by the bank.

The 10-year bond has an annual interest rate of 8.5 percent and will be repaid semi-annually. The bank has appointed Century Capital Markets Limited as the manager of the issuance and sale of bonds.

In addition, investors can apply online through My Shares and from banks and financial institutions participating in the CISBA service licensed by the Nepal Securities Board and their designated branch offices.