Prime Bank to open “8 years, 8.75% Prime Debenture 2085” from Falgun 28

Kathmandu, March 2

Prime Commercial Bank  Ltd is opening “8 years, 8.75% Prime Debenture 2085” from Friday. Previously the debenture was scheduled to be opened from Falgun 19 but the bank has rescheduled and changed to Falgun 28, Friday

The debenture has 35 lakh units registered. Where 14 lakh will be opened to the public and 21 lakh units will be subscribed via private placement. Applicants can apply for a minimum of 25 units and a maximum of 5,00,000 units. . The debenture has a maturity period of 8 years where it will give an 8.75% annual return to its unitholders. Each unit will be issued at a par value of Rs. 1,000

RBB Merchant Banking Limited has been appointed the issue manager.