Kathmandu, 14 February: Global IME Bank Limited has issued and opened the sale of ‘11.25 Global IME Bank Debentures 2084/85’ for a period of 5 years.
The bank has issued 500,000,000 bonds with a face value of Rs 1,000 per bond, equal to Rs 5 billion, from Sunday. Out of the total bonds issued, 60 percent, i.e., 300,000,000 bonds worth Rs 3 billion will be sold individually, while the remaining 20,000,000 bonds worth Rs 2 billion will be sold to the general public.
Out of the bonds issued to the public, 5 percent i.e. 100,000 shares are earmarked for the collective investment fund. Out of which 30,000 unsold shares will also be sold to the general public. General public will be able to purchase 19 30 hundred thousand shares of bonds.
In the bond issued by the bank, one can apply for a minimum of 25 shares to a maximum of 1 million. According to the bank, the issuance and sale of bonds will commence by February 15 at the earliest and close February 26 at the latest.
People’s News Monitoring Service
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