Bank of Kathmandu's issues 7-year term and 10.50 % annual interest rate bonds

The sale of "10.50% BOK Debenture 2086 KA." bonds of Bank of Kathmandu Limited with 7 years period and annual interest rate of 10.50 percent has been opened today from August 18, 2022.

The close date for the issuance of bonds is August 23, 2022. If no prior application is received, the issuance will be extended up to September 1, 2022.

Bank of Kathmandu will sell Rs. 1.1 billion worth of bonds worth 1.1 million units of  shares at the face value of Rs. 1000. Out of them, the bank is issuing 40 percent i.e. 440,000 units worth Rs 440 million to the general public while the bank will issue 660,000 units worth Rs 660 million to private investors.

Interested investors can apply for bonds from a minimum of 25 shares to a maximum of 1 lakh shares. Bank of Kathmandu's bonds can also apply through the C-ASBA system using MeroShare software or C-ASBA member banks and financial institutions and their branch offices that have received approval from the Nepal Securities Board.

ICRA Nepal has assigned BBB+ rating to the issue indicating adequate safety.