Kathmandu. Prime Commercial Bank has started the process to issue debentures worth Rs 3 billion.
The bank has applied to the Securities Board of Nepal (SEBON) seeking permission to issue ‘Prime Commercial Bank Debenture 2093’. The bank will issue a total of 3 million units of debentures at a face value of Rs 1,000 denomination.
Out of the total offered units, the bank will issue 18 lakh units to individuals and the remaining 12 lakh units to the general public. The debenture is for a period of 10 years. The interest rate on this offer will be 6.25 percent per annum.
Prime Bank Limited has appointed Sanima Capital as its issue manager.
