Nepal Bank to sell “8.50% Nepal Bank Rinpatra 2087” from Baisakh 22

Kathmandu, April 23

Nepal Bank Limited is going to issue bonds at an annual interest rate of 8.50 percent from Baisakh 22. The company is going to sell “8.50% Nepal Bank Rinpatra 2087” for a period of 10 years.

The company will be selling 35 lakh shares worth Rs. 3 arba 50 crore at a face value of Rs. 1,000. Out of total units, 14 lakh units of shares worth Rs. 1 arba 40 crore will be sold to the public and the remaining 21 lakh units will be sold individually to various organizations.

Out of the bonds to be issued to the public, 15,000 shares at the rate of 5 percent have been distributed to collective investment funds, while the remaining 13 lakh 85 thousand shares are about to be issued to the public.

Applications for the purchase of the bonds can be submitted as early as Baisakh 26. If the application is not received as per the demand within that period, the late period will be in public eviction till Jestha 5. Investors will be able to apply for a minimum of 25 lots and a maximum of 300,000 lots for the purchase of this bond.

The issuer and sales manager of the company is Nabil Investment Banking Limited. Along with the sales manager, C-ASBA member banks and financial institutions and their branch offices, the public can apply for this bond. Also, application can be made through my share.

In the credit rating issued for the issuance of bonds, ICRA Nepal has given ICRP IR Single A grading to the bank for low credit risk. This indicates that it is an institution that fulfills its financial obligations on time and has low credit risk.