Banking news. NMB Bank is going to issue bonds. The bank has sought permission from the Securities and Exchange Board to issue 2 million bonds worth Rs 2 billion. Out of which 800,000 bonds will be sold to the public. The bank will sell the remaining 1.2 million shares to other organizations on its own initiative.
NMB is about to issue 7-year bonds. The bank has given an annual interest rate of 8 percent. The bond will be issued after getting the permission of the Securities and Exchange Board. Siddhartha Capital will act as the sales manager.