Kathmandu. The last day to apply for Rastriya Banijya Bank Limited’s debentures is today, Baisakh 12.
Although the bank has extended the deadline for applications for the ‘7 percent RBBL Debenture 2088’, which will carry an annual interest rate of 7 percent for a period of 7 years from Baisakh 7, until Baisakh 21, the issuance will be closed due to the higher number of applications than the demand.
The bank has issued 2.5 billion units of debentures worth 2.5 billion rupees at a face value of 1,000 per debenture. Of this, 60 percent, or 1.5 billion rupees worth 1.5 billion, will be distributed to individuals, while the remaining 40 percent, or 1 billion rupees worth 1 million, will be distributed to the general public, the bank has stated.
Of the bonds to be distributed to the general public, 5 percent, or 50,000 bonds, have been allocated for collective investment funds. The bank has stated that general investors can apply for 950,000 bonds.
Sanima Capital Limited is the bank’s securities issuance and sales manager.
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