Kathmandu, May 11
Lumbini Bikas Bank Limited
is set to issue debentures worth Rs. 1 billion with the interest rate of 11 per
cent.
The 10-year debenture will
be priced at Rs. 1,000 and 1 million units will be issued.
The company has appointed
Nabil Investment Banking Limited as the issue manager of the debenture.
On Wednesday, the two
companies signed an agreement for the issue management. Deputy Chief Executive
Officer of Lumbini Umesh Regmi and CEO of Nabil Investment Manish Narayan Joshi
signed the agreement.
However, the debentures
will be issued after getting approval from the regulatory bodies, said the
company in a statement.
Lumbini Bikas Bank has 83
branches in seven provinces across the country.
Published in The Rising Nepal daily on 12 May 2022.
No comments:
Post a Comment