KATHMANDU, APR 03:
NIC Bank has signed a ‘Bond Issue Management Agreement’ with Nabil Investment on Monday for the issuance of NIC Bond 2076 worth Rs 500 million with a coupon rate of eight per cent per annum. “NIC will issue 500,000 units of bonds with a face value of Rs 1,000 units,” the bank said, adding that 80 per cent of bonds will be offered through private placement while the rest will be offered to the public. CEO of NIC Bank Sashin Joshi and CEO of Nabil Investment Pravin Raman Parajuli signed the pact.
Source: THT
NIC Bank has signed a ‘Bond Issue Management Agreement’ with Nabil Investment on Monday for the issuance of NIC Bond 2076 worth Rs 500 million with a coupon rate of eight per cent per annum. “NIC will issue 500,000 units of bonds with a face value of Rs 1,000 units,” the bank said, adding that 80 per cent of bonds will be offered through private placement while the rest will be offered to the public. CEO of NIC Bank Sashin Joshi and CEO of Nabil Investment Pravin Raman Parajuli signed the pact.
Source: THT
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