Shikhar Insurance
National Life

ICFC Finance Bond Allotment

सिंहदरबार संवाददाता
२०८१ माघ २०, आईतवार १४:१३
Hyundai
NCELL
NIMB

Kathmandu. ICFC Finance’s bond issue has been completed. Under the management of the issuance and sale of Kumari Capital Limited, Finance sold 300,000 units of ‘9% ICFC Finance Limited Debentures 2088’ with a 7-year term and an annual interest rate of 9 percent, worth 300,000 rupees at a face value of 1,000 rupees per unit.

Out of which, 180,000 units of debentures worth 180 million rupees were issued and sold through the circular method and 120,000 units of debentures worth 120 million rupees were issued and sold through the public process. The applications received during the issuance period were distributed in the presence of various persons after holding a policy discussion.

Citizen Life
Kumar Bank
Prabhu Insurance

According to the prospectus approved by the Securities and Exchange Board of Nepal, 180,000 units of debentures worth 1,000 rupees were issued through the circular method. Out of the 1,20,000 units of debentures issued, 1,80,000 units of debentures have been distributed proportionally to the units requested.

Out of the 1,20,000 units of debentures with a face value of Rs. 1,000, 6,000 units allocated for collective investment funds have been distributed to the general public. When the sale of the remaining 1,14,000 units of debentures was opened from Magh 9 to Magh 13, a total of 7,247 applicants applied for 6,31,357 units of debentures. As per the provisions in the approved prospectus, 1,14,000 units of debentures have been distributed to 4,560 applicants through the lottery method.

GBIME

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