Nabil Bank Limited has opened the public offering of its debenture titled “8 Years, 7% Nabil Debenture 2089” starting today, Shrawan 6. The issue will remain open until Shrawan 9, 2082, with the deadline extendable up to Shrawan 20 if not fully subscribed.
The bank is issuing 30,00,000 units of debentures at a face value of Rs. 1,000 per unit, aiming to raise Rs. 3 Arba in total. Out of this:
- 60% (18,00,000 units) will be issued through private placement
- 40% (12,00,000 units) worth Rs. 1.2 Arba is open to the general public
- 5% of the public issue (60,000 units) has been reserved for mutual funds
This debenture carries a 7% annual coupon rate with a maturity period of 8 years, offering a stable fixed-income opportunity for investors.
Nepal SBI Merchant Banking Limited is the issue manager for the debenture. Applications can be made for a minimum of 25 units and up to 12,00,000 units.
