Civil Capital named issue manager for MBL's rights issue

Published On: August 31, 2016 08:36 PM NPT By: Republica  | @RepublicaNepal

KATHMANDU, Aug  31: Machhapuchchhre Bank Ltd (MBL) is issuing Rs 1.93 billion worth of right shares to its shareholders. Issuing a statement on Wednesday, the commercial bank said that it has appointed Civil Capital Market Ltd as its issue manager for the rights issue.

MBL CEO Tulasi Ram Gautam and Parag Bista, CEO of Civil Capital, signed the agreement for issue management amid a ceremony held on Monday. According to the statement, the paid-up capital of the bank will reach Rs 5.79 billion after the adjustment of rights shares.

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