Today is the last day to apply for Prime Bank’s debenture
Kathmandu, March 26
Today is the last day to apply for the debenture purchase of Prime Commercial Bank Ltd.
According to Securities Sales Manager RBB Merchant Banking Limited, applications can apply for this bond till the banking hours today.
The bank has issued “8.75% Prime Debenture 2085” bonds with a total of 35 lakh with a face value of Rs. 1000 per unit. Out of the total units of this bond, 21 lakh units have been issued to individuals and the remaining 14 lakh units have been issued to the public. Out of the public evicted units, 70,000 units, which will be 5 percent, have been allocated to the collective investment fund, while the general public will be able to apply for the remaining 13 lakh 30 thousand units.Investors will be able to apply for a minimum of 25 units and a maximum of 500,000 units in this bond.
Investors can apply from the C-ASBA service licensed by the Securities Board of Nepal and the participating banks and financial institutions or their designated branch offices. Similarly, applications can be submitted from the registered central office of RBB Merchant Banking in Teku, Kathmandu and Prime Commercial Bank Limited in Kamalpokhari
Investors will get 8.75 percent annual interest on this bond. Interest will be paid semi-annually. Securities Board of Nepal had given permission to issue this bond of Prime Bank on Poush 26.