Kathmandu. Nabil Bank has extended the deadline to apply for the issued bonds.

The bank has issued ‘7 percent Nabil Debenture 2089’ with an interest rate of 7 percent per annum for a period of 8 years from July 1. Applications can now be made till July 10.  

The bank has issued TAG_OPEN_span_6 3 billion 3 million units of debentures at the rate of Rs 1,000 per unit. The bank will sell 1.8 million units of debentures worth Rs 1.8 0 billion i.e. 60 percent on its own initiative. Similarly, the remaining 40 percent i.e. 1.2 million units worth Rs 1.20 billion have been issued to the general public. 60,000 units have been set aside for collective investment funds.

Investors can apply for a minimum of 25 to a maximum of 25 units. Nepal SBI Merchant Banking is its sales manager. Applications can be made through banks and financial institutions approved by the Securities Board of Nepal and my shares.