Kathmandu, July 24: Machhapuchhre Bank Ltd has opened applications for debentures worth Rs 3 billion. According to the commercial bank, the debentures with face value of Rs 1,000 will offer interest return of 10.25%.
The bank has appointed NMB Capital Ltd as the issue manager for ‘10.25 Machhapuchhre Debenture 2085’. “Of the total 3 million units, 1.2 million units have been allocated for general public and 60,000 units for mutual funds. The bank plans to sell the remaining 1.8 million units on its own.
