Apply for NMB Bank 15-Years Energy Debenture:
NMB Bank is set to open debenture issuance and sale worth Rs 1.5 billion for a period of 15 years from May 23, 2021 (Jestha 9, 2078). The bank is going to sell a debenture called 'NMB Energy Bond 4 percent 2092/93 (NMB Urja Rinpatra)' with an annual interest rate of 4 percent.
Out of the total 1.5 million debentures at the rate of Rs 1,000 per share, 900,000 units will be sold individually and the remaining 600,000 units will be sold to the public. Of this, 30,000 lots have been reserved for collective investment funds at the rate of 5 percent. The general public will be able to apply for the remaining 570,000 units.
Interested applicants can apply for a minimum of 25 units and a maximum of the entire units, while debenture purchases can be submitted as early as May 26 (Jestha 12, 2078) and as late as June 6, 2021 (Jestha 23, 2078).
Credit rating agency ICRA Nepal has given ICRA NP Issuer Rating A-minus to the bank which is about to issue debenture. This indicates that the institution is sufficiently secure to meet its financial obligations on time and has low credit risk.
Himalayan Capital Limited is the issuer and sales manager of the debenture. Investors will be able to apply online through the CASBA system using banks and financial institutions participating in the ASWA service licensed by the Nepal Securities Board and their designated branch offices and software ‘MeroShare’ developed by CDS & Clearing Limited.
Debenture