Nepal SBI Bank to Issue FPO in Premium

November 24: Nepal SBI Bank is preparing to issue 67,767.87 units of further public offering (FPO) in premium. The 398^th board of directors' meeting of the bank held on October 3 decided to issue the FPO in premium. The bank has set the price of a share at Rs 984 including Rs 100 par value and Rs 884 for premium. According to the bank, it is issuing the FPO in a bid to maintain the promoter:ordinary share ratio to 70:30.