Apply for 8.50 Percent NMB Bank Debenture-2087:
NMB Bank is set to open a Debenture sale worth Rs 2 billion for a period of 10 years (NMB Bank Rinpatra) from 16 May 2021 (Jestha 2, 2078 BS). NMB Bank is going to sell a bond called 'NMB Debenture 8.5-2087 / 88' with an annual interest rate of 8.5 percent.
Out of the total 2 million units of bonds issued by the bank at the rate of Rs. 1,000 per capita, 1.2 million units of bonds will be sold individually. It will sell 800,000 units to the public. Of which 40,000 units at the rate of 5 percent have been reserved for collective investment funds and the remaining 760,000 units will be open to the public.
Interested applicants can apply for a minimum of 25 units and a maximum of 800,000 units. There is an arrangement to apply for the purchase of bonds as early as 16 May 2021 (Jestha 5, 2078 BS) and as late as 16 May 2021 (Jesth 16, 2078 BS).
ICRA Nepal has given ICRA NP Issuer Rating A-minus to the bonds being sold by the bank. This indicates that the bank is secure enough to meet its financial obligations on time. Debenture issue and sales manager is Siddhartha Capital.
