Banking News – Today is the last day to apply for the 6 percent interest rate debenture issued by Rastriya Banijya Bank Limited. The bank has issued the “6 Percent RBBL Debenture 2089” with a tenure of 7 years. The bank has offered 30 lakh units of debentures worth Rs 3 arab at the rate of Rs 1,000 per unit for sale.

Of the total issued debentures, 60 percent, or debentures worth Rs 1 arab 80 crore, will be allocated on an individual basis, while the remaining Rs 1 arab 20 crore worth of debentures have been set aside for the general public. Of the amount set aside for the general public, 60 thousand units have been reserved for collective investment funds.

Investors can apply for a minimum of 25 units and a maximum of all units. The issue manager for the debenture is Kumari Capital Limited. Investors can apply through the C-ASBA system and Mero Share.

In the credit rating conducted for the debenture issuance, CARE Ratings Nepal has provided the bank with a CARE-NP Single A Plus Issuer rating. This indicates that the bank is adequately safe regarding the fulfillment of financial obligations on time. The interest amount earned on the debenture will be paid after deducting tax at the end of the first half-year and second half-year of each fiscal year.