Nepal SBI Bank to issue bonds, application submitted in SEBON
The bank has applied to the Nepal Securities Board (SEBON) for final clearance to issue bonds.
KATHMANDU: Nepal SBI Bank Limited plans to issue 2 billion rupee bonds.
The bank has applied to the Nepal Securities Board (SEBON) for final clearance to issue bonds.
The company has submitted for approval in SEBON on 17th of Ashar (July 2) to issue 2 million shares of bonds.
The bond issue’s selling manager is NMB Capital Limited. For the following ten years, the corporation will issue bonds with an annual interest rate of 9%.
The corporation will offer 8 lakh shares to the general public and 1.2 million bonds to individuals out of the total number of shares.
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