Kathmandu. Kumari Bank is going to open the issuance and sale of bonds from 2nd of November. The bank is going to sell ’10 percent KBL Debenture 2090′ bond of 10 years. The interest rate of the bonds to be sold by the bank is 10 percent per annum.

The bank will sell 600,000 bonds worth 5 billion rupees at a face value of 1,000 per share.

Of which 60 percent i.e. 3 million shares will be sold to individuals and the remaining 40 percent i.e. 20 million shares will be sold to the general public.

According to the bank, 5 percent of the bonds to be sold to the general public, i.e. 100,000 bonds, have been allocated to collective investment funds.

Investors can apply for a minimum of 25 shares to a maximum of 5 lakh shares in bank bonds. You can apply for the bank loan as early as 12th November and as late as 16th November.

Nabil Investment Banking is the bank’s bond issue and sales manager. Investors can apply for bonds through Ciasba member banks and financial institutions and through my shares.