Machhapuchhre Bank launches debentures

Published On: July 24, 2019 09:24 AM NPT By: Republica  | @RepublicaNepal

KATHMANDU, July 24: Machhapuchhre Bank Ltd has opened applications for debentures worth Rs 3 billion. Issuing a statement, the commercial bank said that the debentures with face value of Rs 1,000 will offer interest return of 10.25%.

The bank has appointed NMB Capital Ltd as the issue manager for '10.25 Machhapuchhre Debenture 2085'. "Of the total 3 million units, 1.2 million units have been allocated for general public and 60,000 units for mutual funds," the bank said, adding that it will sell remaining 1.8 million units on its own.

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