Kathmandu. Kamana Sewa Bikas Bank Limited (Kamana Sewa Bikas Bank) has issued 9% unissued unissued shares to its shareholders. NIMBS Ace Capital Limited (NIMBS) Capital Limited has been allotted the shares of the bank on February 4, 2019.

The bank had issued unissued unissued preference shares worth Rs 350 million. The bank’s shares have received more than 1.9 times applications. This reflects the high trust and attraction of investors in the Nepalese capital market and financial sector.

The issue was opened from January 26 to January 29 for institutional investors (except securities entrepreneurs and mutual funds licensed by the Board).

There has been enthusiastic participation from various organizations throughout the period. This non-redeemable reserve preference share with a non-issue period and an interest rate of 9 percent per annum has been issued for the first time in the development banks.