Kathmandu, April 23: Laxmi Bank has appointed Nabil Investment Banking Limited as Issue Manager for the issue of its upcoming10% Laxmi Bank Debentures, 2086.
A Memorandum of Understanding (MOU) was signed between the two companies for the issue management service. The MOU was signed by Ajaya Bikram Shah, CEO of Laxmi Bank an Sabir Bade Shrestha, CEO of Nabil Investment Banking Limited. Nabil Investment Banking Limited has also been appointed as the trustee for the upcoming Debentures.
The Bank is issuing Debentures amounting to NPR 2 Billion with a tenure of 10 years at a coupon rate of 10% p.a. The bank’s current debentures amounting NPR 400 Million is maturing on February 2020.
The Bank network includes 101 branches across 46 districts, 5 hospital service counters, 118 ATMs, more than 2,500 remittance agents, and 51 branchless banking agents spread across the country.
