Everest Bank Limited has concluded allotment for the public issue of the “8.5% Everest Bank Limited Debenture, 2086” on 3rd Falgun.
The issue had opened on 3rd Magh. The early closing date was on 6th Magh, 2078. Since the issue was not subscribed fully by the early closing date, the deadline was extended.
20,00,000 units were issued at a par value of Rs.1000 per unit. 60% of the issue, i.e. 12 lakh units were to be subscribed via private placement. Meanwhile, 40%, i.e. 8 lakh units were issued to the general public. 5% of the public issue (40,000 units) was reserved for mutual funds.
Care Ratings Nepal had given the bank a rating of “CARE-NP AA-“, denoting low credit risk and adequate safety regarding timely…
Read full article at ShareSansar.com