Kamana Sewa Bikas Bank Completes Allotment for 9% Non-Redeemable Preference Shares
Summary
Kamana Sewa Bikas Bank Limited has completed the allotment of its 9% Non-Redeemable Cumulative Preference Shares with strong investor participation surpassing the issuance by 1.9 times.
Key Points
- Kamana Sewa Bikas Bank Limited completed allotment of 9% Non-Redeemable Cumulative Preference Shares.
- The shares were issued equivalent to NPR 350 million.
- Investor applications exceeded the issued amount by 1.9 times, indicating strong confidence.
- These preference shares are issued for the first time by a development bank in Nepal.
