Machhapuchchhre Bank To Sell Debentures Worth Rs 3 Arba

Machhapuchchhre Bank To Sell Debentures Worth Rs 3 Arba

The Machhapuchchhre Bank is currently selling debentures. On Baisakh 15, 2078 BS, the bank submitted an application to SEBON for the issuance of debentures. If SEBON approves, the bank will issue a 30-lakh-unit debenture.

Each unit of debenture has a par value of Rs 1,000. As a result, the gross debenture problem value is Rs 3 Arba. The bank will sell 18 lakh units of debentures worth Rs. 1.80 Arba through private placement out of the total issue. Similarly, anybody can apply for the remaining 12 lakh units, which are worth Rs. 1.20 Arba. Mutual funds will receive 5% of the 12 lakh units available in the public offering, or 60,000 units.

ALSO READ  The IPO of CEDB Hydropwer is now available to apply by the general public

The debenture’s issuer and sales manager is Nabil Investment Banking Limited.

With the current financial market’s low interest rates, the debenture problem is likely to draw attention. Since the interest rate on this debenture is higher than the fixed deposit rate, investors might want to consider buying it as a long-term investment option.