Today is the last day to apply for NCC Bank’s “9.50 percent NCC debenture 2086”
Kathmandu, March 31
Today (Wednesday) is the last day to apply for the debenture bond of Nepal Credit and Commerce (NCC) Bank, which has been open for sale since Chaitra 13. The company has sold 30 lakh bonds with an interest rate of 9.50 percent for a period of 10 years. The company has given the name of the bond as ‘9.50 percent NCC debenture 2086’. Out of the total bonds worth Rs 1,000 per unit, only 11 lakh 40 thousand lots have been made public for the general public.
Out of the 12 lakh shares allotted to the public, the company has already distributed 60 lakh bonds to the collective investment fund and the remaining 18 million shares have been sold by the company itself to various individuals or organizations. There is an arrangement to apply for a minimum of 25 lots and a maximum of 300,000 lots for the purchase of the bonds, which will be on sale till banking hours today (Wednesday).
Nabil Investment Banking Limited is the sales manager of this bond. Along with the sales manager, applications can be submitted for the purchase of bonds from all the banks and financial institutions participating in NCC Bank’s central office in Bagwazar, Kathmandu and C-ASBA services.
Also, there is an arrangement to buy this bond from mero share software. ICRA Nepal has given ICRA NPL Triple B rating to the company’s bonds indicating moderate risk. The company got permission from the Nepal Securities Board on January 26 to sell the bonds.