May 26, Kathmandu- Himalayan Bank Limited is going to issue debentures. The bank is to issue Rs 2.5 billion worth of debentures.

The bank has stated that it will issue 2.5 million units of Himalayan Bank Limited Bond-2086 with a face value of Rs 1,000. Investors will receive an annual interest rate of 10.50 percent on this seven-year bond.

Meanwhile, Nabil Investment Banking Limited has been appointed as the sales manager of this bond of Himalayan Bank. The agreement has been signed by Ashok Shamsher JBR, Chief Executive Officer of Himalayan Bank, and Manish Narayan Joshi, Chief Executive Officer of Nabil Investment Banking.