Muktinath Bikas Bank Limited (MNBBL) is preparing to issue a debenture dubbed the “7 years, 8.75 percent, Muktinath Bikas Bank Debenture.” The Securities Board of Nepal (SEBON) has given final approval for the issuance of debentures on Ashad 8, 2078 BS.
Following SEBON’s approval, the bank will sell 12.50 lakh debenture units. The debenture will be sold at a par value of Rs 1000, and the company expects to raise Rs 1.25 Arba from the sale. The company will sell 7.50 lakh units worth Rs 75 crore to various institutions through private placements out of the total issue. Mutual funds will also receive 25,000 units. As a result, anyone can apply for the remaining 4,75,000 debenture units.
Sanima Capital Limited has been appointed as the sales manager for the debenture issuance. The agreement has been signed by both companies. Chief Executive Officer Padyuman Pokharel signed the agreement on behalf of the bank, and Chief Executive Officer Bhishmaraj Chalise signed it on behalf of Sanima Capital.