KATHMANDU: Today is the last day to apply for the 6 percent interest rate debentures issued by Rastriya Banijya Bank Limited. The bank has issued ‘6% RBBL Debentures 2089’ with a maturity period of 7 years.
The bank is issuing 3 million units of debentures at a face value of Rs 1,000 per share.
Out of the total bonds, 60 percent i.e. Rs 1.80 billion will be issued individually while the remaining Rs 1.20 billion will be allotted to the general public. Of the total bonds allotted to the public, 60,000 units are reserved for mutual funds.
Investors can apply for a minimum of 25 units and maximum of all shares. Kumari Capital Limited is the issue manager for the bonds. Investors can apply through C-ASBA system and Mero Shares.
Care Ratings Nepal has assigned CARENP Single A Plus Issuer Rating to the debentures. The interest accrued on the debentures will be paid by deducting tax at the end of the first and second half year periods of each financial year.
