Nabil Bank Limited has opened public issue of 30,000,000 units’ worth of ‘8% Nabil Debenture 2085’ from today. The issue will conclude on 13th Shrawan, 2078 and if not fully subscribed by the early closing date, the deadline can be extended till 24th Shrawan 2078.
The par value of the debenture is NRs. 1,000 per unit. From the total 30,000,000 units of ‘8% Nabil Debenture 2085’, 18 lakh units will be subscribed via private placement and 12 lakh units will be issued to the general public, including a 5% quota for mutual funds.
Investors can apply for a minimum of 25 units to a maximum of the entire issue size. The debenture has a maturity period of 7 years and will yield 8% annual returns to unitholders.