Prabhu Bank to issue ‘Prabhu Bank Debenture-2087’ from Tuesday

NL Today

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Kathmandu: Prabhu Bank is going to issue a 10-year bond of Rs four billion called ‘Prabhu Bank Debenture-2087’ from Tuesday with an annual interest rate of 8.5 percent that will be paid every three months.

The bank has stated that out of the total amount, 1.6 million units have been set aside for collective investment funds. A total of 2.4 million units will be sold individually to various individuals and organizations, the bank said in a statement.

The application deadline will end on May 30.