Nirdhan Utthan Laghubitta Announces Debenture Issuance to Boost Financial Operations
Exciting news for the microfinance sector! Nirdhan Utthan Laghubitta Bittiya Sanstha Limited (NUBL) is gearing up to issue unsecured subordinated debentures worth NPR 1 billion, offering a competitive 7% interest rate. This strategic decision, finalized during the 331st Board of Directors meeting held on Mangsir 4, marks a significant step in NUBL’s growth trajectory.
This proposed debenture issuance will significantly strengthen NUBL’s ability to provide microloans and expand its reach within the microfinance landscape. The generated capital will be instrumental in funding ongoing financial operations and supporting the economic empowerment of individuals and communities.
Of course, regulatory compliance is paramount. NUBL will be submitting the proposal to Nepal Rastra Bank for approval. The debenture issuance will only proceed after securing the green light from both Nepal Rastra Bank and the Securities Board of Nepal (SEBON). This careful approach underscores NUBL’s commitment to responsible financial management and adherence to industry regulations.
This move demonstrates NUBL’s dedication to proactively mobilizing resources to fuel its microfinance initiatives and aligns with its mission to promote financial inclusion. Keep an eye out for further updates as NUBL navigates the approval process for this exciting venture! This is expected to positively impact the stock market and offer new investment opportunities. This financial news highlights the growth and development within the Nepalese financial sector. Stay tuned for more business news and investment updates! This economic news is crucial for those interested in small business loans and the financial services provided by microfinance institutions.
