NIC Asia Bank’s bond has officially been removed from trading in the Nepal Stock Exchange. The decision comes after the bond reached its maturity period.
The bond was called “11 percent NIC Asia Debenture 2082/83.” It was a 7-year bond with a face value of Rs 1,000 per unit. In total, the bank had issued 18.3 lakh units.
According to NEPSE, the listing was canceled because the bond matured on Ashoj 3. This means trading in the bond stopped after Ashoj 2.
With the maturity completed, investors will now receive their due payments. The bond will no longer be available in the secondary market.
