Kathmandu. Nabil Bank’s “Nabil 8 Percent Unreleased Unreleased Preferred Shares” has started trading in the secondary market. The issue of 50 million units of shares with a face value of Rs 100 per share has started trading on March 31, 2082.
This type of unreleased reserve preference shares traded in the secondary market of securities will be bought and sold only among institutional investors. Similarly, general investors, securities entrepreneurs (securities brokers, merchant bankers, etc.) licensed by the Securities Board of Nepal (SEBON) and mutual funds are not allowed to buy and sell preference shares.
This is the first time that Nabil Bank has received approval from the Securities Board of Nepal (SEBON) to issue preference shares after Nepal Rastra Bank (NRB) and Securities Board of Nepal (SEBON) made policy provisions on unissued unreleased reserve preference shares. After the issuance of the instrument, the bank believes that the capital base will be strengthened through additional primary capital, increasing the bank’s risk bearing capacity and will further support in the expansion of business.
Nabil Bank has 268 branches and 318 ATMs across the country. The bank said it will continue to provide banking services to more than 25 lakh customers and join hands with all its stakeholders.
The bank, which has been providing quality banking services for the past four decades, has recently adopted the concept of sustainable banking and brought into operation N-Bank for digital banking.
