Muktinath Bikas Bank to issue debenture; Issusing worth of 1.25 arba; Sanima Capital as sales manager
Kathmandu, April 5
Muktinath Bikas Bank Ltd. will be issusing debenture bonds worth Rs. 1.25 arba. The bank has also appointed Sanima Capital Limited as the bond sales manager.
The Debenture Sales Manager Agreement has been 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. The bank will issue ‘Muktinath Debenture Bonds 2084/85’ worth Rs 1.25 arba at a face value of Rs. 1,000 per unit.
Out of the total units, 750,000 units will be expelled through private sector and 500,000 units will be expelled through public eviction method. The term of this bond, which will provide interest to investors half-yearly, will be 7 years.
The bonds will be listed on the Nepal Stock Exchange Limited (NEPSE). The Bank urges to take advantage of this as it is a rare and excellent opportunity for long-term investment in terms of achieving high returns in the long run, ensuring high returns and secure investments when financial resources are scarce for long-term investments in Nepal at present.
In order to encourage digital transactions, the bank has made an arrangement to withdraw money from any bank’s ATM 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 branch.