Kathmandu. Today is the last day to apply for the bonds issued by Nepal SBI Bank.

The bank has been issuing debentures since June 15. The bank has issued ‘7 percent Nepal SBI Bank Bond 2090’ with an interest rate of 7 percent per annum for a period of 10 years.

Out of the 3 million units of debentures worth Rs 3 billion at a face value of Rs 1,000 each, 60 per cent i.e. 1.8 million units of debentures worth Rs 1.8 billion will be distributed individually. The remaining 40 percent i.e. 1.2 million units worth Rs 1.2billion will be allotted to the general public.

Investors will have to apply for a minimum of 25 units of shares and maximum can apply for all units.

Investors can apply through banks and financial institutions approved by the Securities Board of India and my shares. Nabil Investment Banking is the sales manager of the bank.