Kathmandu. Bank of Kathmandu is set to issue debentures worth Rs 1.10 billion. The bank is to issue 1.1 million bonds at the face value of Rs 1,000.

The bank has appointed NIBL ​​S Capital as the sales manager to issue the bonds. The agreement has been signed by Chief Executive Officer Shravan Lal Maskey on behalf of the bank and Deputy General Manager Sachindra Dhungana on behalf of NIBL ​​S Capital. The term of the bond is 7 years and the interest rate is 10.50 percent.

The Bank of Kathmandu is registered as a public limited company in the Office of the Registrar of Companies, Government of Nepal as per the Companies Act. The bank is providing excellent service to its customers through 99 branches, 87 ATMs and 10 extension counters.