Kathmandu. Recently, three more commercial banks have applied to the Nepal Securities Board for issuance of bonds. Laxmi Bank, Machhapuchhre Bank and Krishi Vikas Bank have applied to the board for issuance of bonds. The Agriculture Development Bank (ADB) has applied for the issuance of 4 percent interest rate agriculture bond on April 27.
The bank has raised Rs. Out of 4 million bonds worth Rs. 4 billion, 1.6 million bonds will be sold to the public and 2.4 million bonds will be sold to various organizations. NIBL S Capital Limited is the manager of the bond sale of Agriculture Development Bank.
Similarly, Lakshmi Bank has raised Rs. An application has been submitted to the board on April 20 to issue 2 million bonds worth Rs 2 billion. Out of the total, 1.2 million shares will be issued to the public and 1.8 million shares to various organizations. Civil Capital Markets Limited is the sales manager of Laxmi Bank.
Machhapuchhre Bank said Rs. An application has been filed on April 29 to issue 3 million bonds worth Rs 3 billion. The bank will sell 1.2 million shares to the public and 1.8 million shares to various organizations.