8.5% Nepal Bank Debenture 2087 Allocated to Applicants

Nepal Bank Limited has distributed “8.5% Nepal Bank Debenture 2087” to candidates on Jestha 09. The difficulty opened on Baisakh 22 and closed on Baisakh 31. “8.5% Nepal Bank Debenture 2087” is a bond issued through Nepal Bank Limited. As the title suggests, the trouble has a coupon fee of 8.5% and will mature in the 12 months 2087 B.S. The coupon price is virtually the annual return on funding promised to the investor.

A whole of 35,00,000 had been issued at Rs. 1,000 per unit. Of the 5% of complete gadgets reserved for mutual funds, solely 15,000 gadgets had been distributed. Thus, 13,85,000 gadgets have been issued to the commonplace public and the last 21,00,000 devices will be subscribed through non-public placement. The volume no longer subscribed by using the standard public in their quota will be transferred to the non-public placement quota. Applicants will be refunded from today, i.e. Jestha 10.

How to check the result ?

Check through Nepali Share App

About Bank

Nepal Bank Limited (NBL) proudly holds the glory of marking the formal beginning of banking system in Nepal. Nepal Bank Limited was established as FIRST bank of Nepal on Kartik 30, 1994 (November 15, 1937 A.D.) under Nepal Bank Act 1937. The bank was established with an authorized capital of Rs.10 million, issued capital of Rs.2.5 million and paid up capital of Rs.0.842 million. The share held by government and private sector was 60% and 40% respectively. 

Noteablly, Nepal Bank Limited was inaugurated by King Tribhuvan with supportive vision of Prime Minister Juddha Shumsher Jung Bahadur Rana to institutionalize formal banking system in Nepal. Before the establishment of NBL, all monetary transactions were carried out by private dealers and trading centers. It was the time when there was no trust for such formal banking system. This reflected in under subscription of shares (OnlyRs.0.842 million could be raised out of floated capital of Rs.2.5 million). Raising deposit and mobilizing the collected deposit was even more difficult. 

Absence of any bank in Nepal was hampering the economic progress of the country. This was taken into consideration by Nepal Bank Limited with key focus on overcoming such economic hamper and difficulties of general public. This was initiated by providing banking services to people removing their inconvenience. This objective got better and bigger with the time. Nepal Bank Limited has so far adopted according to the technological changes, national economic welfare, customer preferences in services, market competition and global financial scenarios to become a leading, glorious and highly reputed bank of Nepal.  

Vision Statement 
“Pioneer bank with customer service excellence” 

Mission Statement: BEST 
B – Building trusted and united customer relationship 
E – Ensuring superior quality customer service 
S – Service access to all 
T – Technology driven smart banking service 

Core Values 

•  Honesty, transparency, integrity and ethics 
• Respect to customers and respect to fellow associates 
• Learning and knowledge sharing 
• Teamwork, ownership and accountability 
• Contribute to society and environment 

Objectives 
“Achieving secured and sustainable growth by delivering Robust, Ethical and Responsible (RER) banking service”