RBB appoints Kumari Capital as issue and sales manager for 'six per cent RBBL Debenture‑2089'

KATHMANDU: Rastriya Banijya Bank (RBB) has appointed Kumari Capital as the issue and sales manager for its "six per cent Rastriya Banijya Bank Limited Debenture‑2089."

RBB entrusted Kumari Capital with the responsibility as issue and sales manager for securities worth Rs 3 billion, which represent 3 million units at a rate of Rs 1,000 per unit.

An agreement to this effect was signed today at the central office of RBB. The agreement was signed by RBB Chief Executive Officer (CEO) Devendra Raman Khanal and Kumari Capital CEO Pushpa Sharma.

According to the agreement, RBB will issue debentures worth Rs 3 billion. Of this amount, 60% (1.8 million units) worth Rs 1.8 billion will be issued for institutional and individual placement, and 40% (1.2 million units) worth Rs 1.2 billion will be issued for the general public, RBB Deputy Executive Officer Pawan Regmi said.

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