Nabil Bank’s 8% preference shares start trading
These preference shares will be traded exclusively among institutional investors in the secondary market.
KATHMANDU: Nabil Bank’s “8% Non-Redeemable, Non-Convertible Preference Shares” have officially started trading on the secondary market.
The shares, issued at a face value of Rs 100 each, total five crore units with a paid-up capital of Rs 5 billion, and began trading on Monday, March 31.
These preference shares will be traded exclusively among institutional investors in the secondary market.
Retail investors, licensed securities dealers, merchant bankers, and collective investment schemes are not permitted to buy or sell these shares, according to regulations.
Following the policy framework set by Nepal Rastra Bank and the Securities Board of Nepal, Nabil Bank is the first institution to receive approval to issue such non-redeemable, non-convertible preference shares.
The bank believes that the issuance of these shares will strengthen its capital base, enhance its risk-bearing capacity, and support further business expansion.
With a network of 268 branches and 318 ATMs across the country, Nabil Bank serves over 2.5 million customers, fostering close engagement with all stakeholders.
For four decades, the bank has provided high-quality banking services and recently embraced sustainable banking concepts, launching nBank to advance digital banking services.
