Sanima Capital as Debenture Sales Manager of Muktinath Bikas Bank

KATHMANDU: MONDAY, APRIL 5, 2021 – Muktinath Bikas Bank Limited has appointed Sanima Capital Limited as the sales manager for the issuance of ‘Muktinath Debenture Debentures 2084/85’ worth Rs 1.25 billion at the face value of Rs 1,000.

The Debenture Sales Manager Agreement was signed by Chief Executive Officer Praduman Pokharel on behalf of Muktinath Bikas Bank and Chief Executive Officer Bhishma Raj Chalise on behalf of Sanima Capital Limited.

1.25 billion 60 per cent of the bonds (i.e. Rs. 750 million) through private placement and 40 per cent (Rs. 500 million). The bank has stated that the general investors will be expelled through public eviction method. The term of the bond, which will provide interest half-yearly, is said to be 7 years.

The bank says that the bonds will be listed on Nepal Stock Exchange Limited Nepse. The Bank has appealed to all to take advantage of this as it is an excellent opportunity for long-term investment in terms of achieving high returns in the long run, ensuring high returns and secure investment in the current situation where financial resources are scarce for long-term investment.

In order to encourage digital transactions, the development bank has made arrangements to withdraw money from the ATMs of any bank under the Visa network free of charge.

Similarly, mobile banking, QR code scan, online loan application, online account opening, internet banking, remittance deposit in the account can be done from home without attending the bank’s branch, the bank said.