Kathmandu. Citizens Bank is going to issue bonds worth 3 billion rupees from October 17th. The bank is going to issue 3 million units of bonds at the rate of 1000 rupees per unit.

Out of this, 1.8 million units will be sold by the bank to other organizations on its own initiative. The remaining 1.2 million units will be open to the general public. From this, 5% i.e. 60,000 shares have been allocated to the collective investment fund.

Citizens is going to issue ‘10% Citizens Debenture 2090’ for 10 years. The bank has informed that it will give an annual interest rate of 10%. Himalayan Capital will be the sales manager.

You can apply for this loan till October 21st. If all the bonds are not sold by that time, it will remain open until October.

Applications can be made from a minimum of 25 units to a maximum of all units open for sale.

C-ASWA member banks and financial institutions and online applications can be made through My Share software.