NB Bank Appoints Nabil Investment Banking Limited to Issue Debentures

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NB Bank Appoints Nabil Investment Banking Limited to Issue Debentures

February 22: Nepal Bangladesh Bank has appointed Nabil Investment Banking Limited as its sale promoter and distributor.

The bank said it appointed the company with the objective of selling 2 million units of its debentures worth Rs 2 billion.   

Gyanendra Prasad Dhungana, CEO of Nepal Bangladesh Bank, and Sabir Bade Shrestha, CEO of Nabil Investment Banking Limited, signed the agreement on behalf of their respective organizations amid a recent event.

 The bank plans to distribute 60 percent out of the two million debentures to the private sector and remaining 40 percent to the public.

According to NB Bank, the proposed debentures will be issued for 10 years duration with an annual interest rate of 10.25 percent and will be paid on a half yearly basis.

 

 

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