Agreement with NMB Capital Ltd. regarding issuing debenture

Machhapuchchhre Bank Limited (MBL) has appointed NMB Capital to issue its debenture named ‘10.25% Machhapuchchhre Bank Debenture -2085’. The agreement regarding the same was signed between CEO of the Bank Mr. Suman Sharma and CEO of NMB Capital Ltd. Mr. Shreejesh Ghimire amid a program.

The Capital will be undertaking all processes for issuing NPR 3 Arba worth of Debentures of MBL that will provide interest of 10.25% p.a. for 10 years.

The interest will be paid semi-annually and the 40% i.e. 12 lakh unit debentures will be offered under public offering process while 60% i.e. 18 lakh units under Private Placement process.