Nabil Bank Limited (NABIL) is commencing the issuance of 3,000,000 units of “9% Nabil Debenture 2087” to the general public starting today.
The debenture, featuring a maturity period of 7 years and a coupon rate of 9%, is open for applications from December 15 to 19. In the event of undersubscription, the deadline may be extended until December 29.
A total of 3 million units will be offered at a par value of Rs. 1000 per unit. Among these, 60%, equivalent to 1.8 million units, will be allocated through private placement, while the remaining 1.2 million units, valued at Rs. 1.2 billion, will be available for public subscription. Furthermore, 5% of the public issue is earmarked for mutual funds. The entire issuance aims to generate Rs. 3 billion.
The issuance is managed by Kumari Capital Limited. Investors have the opportunity to apply for a minimum of 25 units and a maximum of 1,200,000 units.
Comment