Kathmandu, April 3: Nabil Bank has announced the signing of an issue management agreement with Laxmi Capital Market Limited on Tuesday (April 2) under which Laxmi Capital will manage the issuance of debentures to be issued by the Bank. The Bank is going to issue debentures worth NPR 2 billion with a face value of NPR 1000/-. The management of both public issuance and private placement shall be done by Laxmi Capital. The agreement was signed by the Bank’s CEO, Anil Keshary Shah on behalf of the Bank and by Rajiv Sapkota, CEO of Laxmi Capital, on behalf of the issue manager.
Laxmi Capital Market Limited is a wholly owned subsidiary of Laxmi Bank Limited which has obtained license from Securities Board of Nepal (SEBON) to be engaged in merchant banking activities such as Initial Public Offering (IPO), Underwriting of Securities, Portfolio Management Services, Registrar to Share, etc.
Nabil Bank is providing its services through a wide network of 75 branches, 128 ATMs and more than 1500 Nabil Remit agents throughout the nation and many correspondents across the globe.