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National Commercial Bank has issued seven-year bonds. The bank has issued bonds worth 2.55 billion rupees with a 7-year term and an annual interest rate of 7 percent from May 7.
The bank has issued 2.5 million shares of bonds at a nominal rate of 1,000 per bond. Of that, 60 percent i.e. 1.5 million bonds worth 1.5 billion rupees will be distributed individually. The remaining 40 percent i.e. 1 million shares worth Rs 1 billion will be distributed to the general public.
5 percent of the bonds to be distributed to the general public i.e. 50,000 bonds have been set aside for the collective investment fund and general investors can apply for 950,000 bonds.
