Kathmandu. The Securities Board of Nepal (SEBON) has granted permission to NMB Bank to issue unissued unsecured preference shares.
The bank has been granted permission to issue 30 million units of unissued shares worth Rs 3 billion at the rate of Rs 100 per share.
The investors will get 8.25 percent dividend. It is a market instrument with the ability to provide a fixed percentage dividend rate, even if the period is not specified. Only institutional investors will be allowed to invest in it.
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