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The Securities Exchange Board of Nepal (SEBON) has granted its final endorsement for the proposed issuance of “Nabil 8% Perpetual Non-cumulative Preference Share” in the most recent roster of approved debentures.
Nabil Bank Limited (NABIL) aims to secure debt totaling Rs. 5 Arba through the overall issuance, with 5 crores units designated for subscription via private placement. The regulatory authority gave its consent on Mangsir 05, 2082.
These debentures will offer an annual interest rate of 8%.
NIC Asia Capital Limited has been designated as the manager for the debenture issuance.
