Nabil Bank Limited has extended the application deadline for its ongoing debenture issue titled “7% Nabil Debenture 2089”, worth Rs. 3 billion. Originally set to close on Shrawan 9, the application deadline is now pushed to Shrawan 20, 2082, due to under-subscription.
The bank had opened the issuance on Shrawan 6, offering a total of 30 lakh units at a face value of Rs. 1,000 each. Out of this, 18 lakh units were allocated for institutional investors and 12 lakh units for the general public. Within the public allotment, 5% (60,000 units) have been reserved for mutual funds.
The debenture offers a 7% fixed annual interest rate and has a maturity period of 8 years.
Interested investors can apply through C-ASBA-approved BFIs and their branches. The minimum application is for 25 units, and one can apply for up to 12 lakh units.
Issue Manager: Nepal SBI Merchant Banking Limited.
