Global IME Bank’s Debenture Oversubscribed
Kathmandu, April 5
Global IME Bank Ltd., issued debentures worth Rs. 3 arba have been oversubscribed. The bank had issued ‘Global IME Bank Debenture 2086/87’ from Chaitra 1. The bank has sold a total of 30 lakh units at a face value of Rs. 1,000.
The application was opened till Chaitra 16. Application was made to apply for a minimum of 25 units and a maximum of 10 lakh units. Investors were able to apply online through ‘Mero Share’ and from banks and financial institutions participating in the C-ASBA service licensed by the Securities Board of Nepal and their designated branch offices.
Century Capital Markets Limited is the manager of the issuance and sale of the bank’s bonds. Investors will get an annual interest rate of 8.5 percent on this 10-year bond. The interest will be paid semi-annually, the bank said.