Nabil Bank Appoints Global IME Capital as Issue Manager for Rs. 4 Arba Debenture
Summary
Nabil Bank has appointed Global IME Capital as issue manager for its upcoming 5.5% Nabil Debenture 2093 worth Rs. 4 arba. The 10-year debenture issue will be split between private placement and a public offering, with 5% reserved for mutual funds.
Key Points
- Nabil Bank Limited has appointed Global IME Capital Limited as the issue manager for its upcoming 5.5% Nabil Debenture 2093.
- The bank will issue 40 lakh debenture units worth Rs. 4 arba at a face value of Rs. 1,000 each with a 10-year maturity and 5.5% annual interest.
- Of the total issue, 24 lakh units worth Rs. 2.40 arba will go through private placement, while 16 lakh units worth Rs. 1.60 arba will be offered to the public.
- Five percent of the public issue will be reserved for mutual funds.
