RBB Merchant appoints as the debenture registrar of Prime Bank

Kathmandu, April 22

Merchant Banking Limited (RBB) has been appointed as the Debenture Registrar of Prime Commercial Bank Limited.

As per the decision of the bank on Chaitra 26, RBB Merchant has been appointed as the Debenture Registrar with effect from Baisakh 9 to keep records of debenture transactions, rejection of filings, name transfer, withholding and updating of debenture holders data. The bank has stated that now all the activities under the debenture registrar will be done through RBB Merchant.

An agreement on debenture registrar has been signed today. The agreement has been signed by Chief Executive Officer, Narayandas Manandhar on behalf of Prime Commercial Bank and Chief Executive Officer, Badri Prasad Pyakhurel on behalf of RBB Merchant.

RBB Merchant is a wholly owned subsidiary of Rastriya Banijya Bank Limited and a Merchant Banking Limited approved by the Securities Board of Nepal.