Kathmandu. Nabil Bank Limited has appointed Global IME Capital Limited as its issue manager for the issuance of 5.5% Nabil Debentures 2093.

The agreement was signed by the bank’s Chief Executive Officer Govinda Gurung and Chief Executive Officer of Nabil Bank Mr. Manoj Kumar Gyawali.

The bank will issue 4 million units of debentures with a maturity period of 10 years at an interest rate of 5.5 per cent per annum at a face value of Rs 1,000 each. Out of this, 2.4 billion units of debentures will be issued to individuals with a total loan capital of Rs 2.40 billion.

The bank has also set aside 1,600,000 units of debentures to i.e. 1,600,000 units of debentures i.e. 5% of the total offered shares to the mutual funds.

Nabil Bank is one of the leading commercial banks in the private sector. The bank serves more than 2.6 million customers through its network of 263 branches and 315 ATMs across the country. The bank, which has been providing quality banking services for over four decades, has recently taken forward the concept of ‘Banking & Beyond’ with an aim to build an inclusive and prosperous future for the customers, the community and the economy of the country as a whole.