Kumari Bank Bond Sale Open

Kathmandu : Kumari Bank is opening the issuance and sale of bonds from today. The bank is going to issue ’10 percent KBL Debentures 2090′ at an interest rate of 10 percent per annum for a period of 10 years.

The bank is about to issue 5 hundred million bonds worth. Of this, 60 percent or 3 thousands shares worth 3 billion rupees will be distributed to individuals, while the remaining 40 percent or 10 thousand shares worth 2 billion rupees will be distributed to the general public. 5 percent of the bonds to be distributed to the general public, i.e. 10 thousand bonds have been allocated for collective investment funds.

In that bond, the investor has to apply for a minimum of 25 shares and can apply for a maximum of 5 lakh shares. The closure of the issue will be on the 12th of November at the earliest and on the 16th of November at the latest. Nabil Investment Banking Limited is the issuing and selling manager of the bank’s securities.

Investors can apply through the CASBA system by using My Share online created by the banks and financial institutions participating in the ASBA service approved by the Nepal Securities Board and their designated branch offices and CDS and Clearing Limited.

Nabil Investment Banking Limited is the issuing and selling manager of the bank’s securities. Investors can apply through the CASBA system by using My Share online created by the banks and financial institutions participating in the ASBA service approved by the Nepal Securities Board and their designated branch offices and CDS and Clearing Limited.