In compliance with directives from Nepal Rastra Bank and the Act on Banks and Financial Institutions, the Board of Directors of Guheswori Merchant Banking & Finance Limited (GMFIL) made a significant decision during their meeting on 5th Ashadh 2081.
The board approved the issuance of debentures worth Rs. 26 crores. Each debenture will be priced at Rs. 1,000, with a total of 2,60,000 units to be issued. These debentures will have a maturity period of 8 years and carry a 9% interest rate, payable semi-annually. The issuance is subject to regulatory approvals from Nepal Rastra Bank and other necessary provisions.
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