Today, an agreement was formalized between Nepal Investment Mega Bank Limited (NIMB) and the Nepal Stock Exchange (NEPSE) for the listing of “10% NIMB Debenture 2090 (NIMBD90).” Under this agreement, 40,40,000 units of the debenture were listed with a par value of Rs. 1000 per unit. The issuance process commenced on the 1st of Falgun and concluded on the 4th of Falgun, 2080. Prabhu Capital Limited served as the issue manager for this endeavor.
The “10% NIMB Debenture 2090” derives its name from its characteristics: it has a maturity period of 10 years and offers a coupon rate of 10%. This debenture issuance represents a significant financial instrument within Nepal’s market, offering investors a long-term investment opportunity with a fixed interest rate. The listing of this debenture on NEPSE provides investors with a platform to trade and engage with this financial product, contributing to the diversification and depth of Nepal’s capital market.