Kathmandu. KATHMANDU: Rastriya Banijya Bank Limited (RBB) has appointed Kumari Capital Limited as its issue manager for the issuance and issuance of ‘6% Rastriya Banijya Bank Limited Debenture 2089’.

The bank has given the responsibility of issuing 3 million units of shares to Kumari Capital Limited as its issue manager for the IPO issuance.

An agreement to this effect has been reached at the central office of Rastriya Banijya Bank today. The agreement was signed by the bank’s Chief Executive Officer Govinda Gurung and Chief Executive Officer of NCC Capital, Shiva Nath Pandey.

As per the agreement, the commercial bank will issue debentures worth Rs three billion. According to Deputy Executive Officer Pawan Regmi, 60% of the total offered shares i.e. 1.80 Arba will be issued to the general public and 40% i.e. 1.2 billion units will be issued to the general public.