Rastriya Banijya Bank Limited has decided to issue bonds worth Rs 5 billion.
The bank has agreed to appoint Sanima Capital Limited as the manager of issuance and sale of RBBL Debenture 2089 bonds.
The agreement has been signed by Kaviraj Adhikari, Deputy Chief Executive Officer of the Bank and Bhishma Raj Chalise, Chief Executive Officer of Sanima Capital.
Rastriya Banijya Bank is going to sell ten-year bonds at a face value of Rs 1,000 with a total value of Rs 5 billion (5 million lots). The bank will sell the bonds after completing all the necessary procedures.
Out of the total 5 million units of bonds, 3 million units will be sold to individually organized organizations and 2 million units will be sold to ordinary Nepalis through public issue.
Care Rating Nepal Limited has given Care-NP Apples (IS) rating indicating that the bank is an institution that provides adequate security in terms of timely fulfillment of financial obligations.
The bank has been providing services through modern digital banking including 258 branch offices, 245 ATMs, extension counters in 41 locations and 98 branchless banking services across the country.
