Kathmandu. Rastriya Banijya Bank is going to sell bonds worth Rs 2.5 billion from today.
The bank has received approval from the regulatory body Nepal Securities Board to issue a total of 2.5 million units of bonds. Investors in the bonds, which have a total tenor of seven years, will receive an annual interest rate of seven percent.
Investors can apply for all the units being sold, starting from a total of 25 units. The bond, which is managed by Sanima Capital, will be available for sale until April 10 at the earliest and until April 21 at the latest.
Out of the total issuance of Rs. 2.5 billion, 60 percent of the 1.5 billion units worth Rs. 1.5 billion have been allocated for personal use. Similarly, 40 percent of the 1 million units worth Rs. 1 billion will be issued for the general public. Out of this, 50,000 units have been allocated for collective investment funds.
A total of 950,000 units have been allocated for investment by the general public. The bank has been given a ‘Care NP A Plus’ rating by Care Rating Nepal. The bank’s authorized capital is Rs 30 billion, issued capital is Rs 15.63 billion, and paid-up capital is Rs 15.63 billion.
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