Kamana Sewa Bikas Bank To Selling ‘9% KSBBL Debenture 2088′ | NIBL Ace Capital Appointed As Issue Manager

Laxmi Bank Receives SEBON Approval To Issue 20 Lakh Units Debenture

Kamana Sewa Bikas Bank Ltd. (KSBBL) intends to issue a debenture known as the “9 percent KSBBL Debenture 2088.” The bank has appointed NIBL Ace Capital Limited as the debenture’s issue and sales manager.

The agreement was signed by the bank’s Chief Executive Officer Pravin Basnet and NIBL Ace Capital Limited’s Assistant General Manager Sachindra Dhungana.

Now, the bank must apply to the Securities Board of Nepal (SEBON) for debenture issuance. If SEBON approves, Kamana Sewa Bikas Bank will issue 10 lakh units of debenture with a face value of Rs 1000. As a result, the total debenture issue is Rs 1 Arba.

The bank currently offers banking services to its customers through 128 branch offices, 1 extension counter, and 70 ATMs.

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