Lumbini Bikas Bank to Issue 11% LBBL Debenture 2089 from Today – May 30, 2022. The debenture being issued by Lumbini Bikas Bank has a maturity period of 10 years starting from the issue date.
11% LBBL Debenture 2089 will provide annual interest rate of 11% to the investors and will also be tradeable in secondary market in Nepal Stock Exchange (NEPSE).
The development bank is issuing 10 lakh units debentures shares at a face value of Rs 1000 worth Rs 1 Arab. Out of the total offered units, 60% i.e 6 lakh units will be issued to private investors, 35% to general public and 5% has been allocated for mutual funds.
Interested Investors can apply for a minimum of 25 units to 1,00,000 units via Mero Share or visiting the banks nearest branch. Early closing date for debentures is 2 June whereas the deadline can be extended to 13 June if the issue is not full subscribed.
Nabil Investment Banking has been appointed as the issue manager. ICRA Nepal has assigned BB+ rating to the issue indicating moderate risks for.
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