The bonds issued by Himalayan Bank on
June 30 with an aim to collect Rs 75 crore has received applications
worth Rs 58 crore 50 lakh until Wednesday.
The last date for filing application for the bonds is July 5, today.
The Himalayan Bank Limited Bond 2077, with par value at Rs 1000 and a maturity period of 7 years, offers to pay 8 percent interest on the bonds.
Out of the total bonds issue, general public were eligible to apply only for Rs 15 crore bonds. Of the remaining 60 crore, the bank has set aside Rs 3 crore 75 lakh worth of debentures for mutual funds. The bank had announced to sell the rest of the debentures on an individual basis.
The debentures can be used for taking out loans by keeping them at any bank or finance institution in future after it gets listed in the secondary market of Nepal. Once listed at NEPSE, it can also be traded at the local bourse.
Official Bond Closure Announcement
The last date for filing application for the bonds is July 5, today.
The Himalayan Bank Limited Bond 2077, with par value at Rs 1000 and a maturity period of 7 years, offers to pay 8 percent interest on the bonds.
Out of the total bonds issue, general public were eligible to apply only for Rs 15 crore bonds. Of the remaining 60 crore, the bank has set aside Rs 3 crore 75 lakh worth of debentures for mutual funds. The bank had announced to sell the rest of the debentures on an individual basis.
The debentures can be used for taking out loans by keeping them at any bank or finance institution in future after it gets listed in the secondary market of Nepal. Once listed at NEPSE, it can also be traded at the local bourse.
Official Bond Closure Announcement
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