From today, the issue and sale of Nepal Infrastructure Bank's bonds has been opened. Krishna Bahadur Adhikari, chief executive officer of the bank, informed that the bank is going to issue 500,000,000 bonds worth Rs.
"Out of the issued shares, 30 lakh bonds equal to 3 billion rupees will be distributed from the issued shares," he said. The bank will pay interest at the rate of 6 percent per annum on the bond, which has a value of 1,000 rupees per share.
The bank has also informed that 100,000 bonds have been allocated for collective investment funds out of the bonds to be distributed to the public. In this bond, investors can apply for a minimum of 25 shares and a maximum of 10 lakh shares. Loan applications can be made from 18th May to 21st May. If there is no application for the entire quota by that period, the application period will be extended until June 1.
Ikra Nepal has received 'IkraNP Issuer Rating Triple B'. This means that you are moderately secure in meeting your financial obligations on time. NIMBS Capital Limited is the issuing and selling manager of the bank's securities.
Investors can apply online through the banks and financial institutions participating in the ASBA service licensed by the Nepal Securities Board and their designated branch offices and CDS & Clearing Limited's 'My Share'.
