Lumbini Bikas Bank appoints Nabil Investment as Debentures Sales Manager

11th May, 2022 | Tourism Mail Crew

KATHMANDU, May 11: Lumbini Bikas Bank Limited has appointed Nabil Investment Banking Limited as the sales manager for debentures sales.

The bank is about to issue '11 percent LBBL Debenture 2089' bonds worth Rs 1 billion at the face value of Rs 1 million. The term of the bond is 10 years and the interest rate is 11 percent.

The agreement was signed by Deputy Chief Executive Officer Umesh Regmi  of Lumbini Bikas Bank Limited and Chief Executive Officer Manish Narayan Joshi of Nabil Investment Banking Limited.

The proposed bonds will be issued after the approval of the regulatory bodies.

Headquartered in Dilli Bazaar, Kathmandu, Lumbini Bikast Bank has been conducting business through 83 branches in all seven states of the country.