Nepal Investment Bank Debenture 2075

Nepal Investment Bank

“A” Category Granted Organization from Nepal Rastra Bank

Head office: Durbar Marg, Kathmandu

P.O.B No. 3412

Issues “Nepal Investment Bank Bond-2075” of 12% Interest, Redeemable after 7 Years.

Details

• Par Value: NRs. 1000/-
• Bond Capital: 300 Millions equals to 300 thousand bond letter.

Among 300 Millions, 50 million would be withdraw publicly while 250 million would be withdraw as Private Placement.

Information on Bond withdrawal

The information and details on the “Nepal Investment Bank Debenture 2075” of interest 12 % is as follows:

Terms and Conditions on withdraw of Bond Letter: This 12% “Nepal Investment Bank Bond 2075” is issued without the legislation of property for public. The maturity period of this bond is 7 years from the division of Bonds.

Time Period of Bond Letter: The maturity period of this Bond is 7 years from the date of division of Bond Letter. The capital amount and final installation amount will be redeemed after that period or after 7 years.

Amount of Bond to be withdrawn: According to the details published, the amount of 12%”Nepal Investment Bank Bond 2075” is 300 Millions (in words Three hundred millions only).

Change in Bond Share: There will be no change in bond share of 12%”Nepal Investment Bank Bond 2075”.

Bond Interest: The annual interest rate of this Bond will be 12%. The income tax will be applied according to the current law on the earned total interest amount.

Debenture redemption reserve management: The bank will manage for the debenture redemption reserve of the bond from the first year for the redemption as soon as the expiry of maturity period. Profit and Loss Appropriation A/C is also formed for bearing the loss by the bank. After the redemption of the debenture, the amount in Debenture redemption reserve will be noted on Profit and Loss Appropriation A/C.

Rights of Debenture Owners: The rights of the 12%”Nepal Investment Bank Bond 2075” owner will be limited and the debenture owners will not be personally responsible for other than the bond of any other amount.

Redemption of Bond Interest: The redemption of earned interest amount of the bond by the debenture owner will be half-yearly every 6-6 month.

Redemption Date of Debenture: The earned interest amount will be redeemed end of first half-yearly (End of February) and Second Half-yearly (End of June). The interest amount will be redeemed on every fiscal year’s from Magh 1^st of First Half-Yearly to Shrawan 1^st.

Venue for Bond Redemption: The owners of this debenture bond can withdraw the earned interest amount from any branches of Nepal Investment bank by issuing bond certificate and interest redemption voucher.

Procedure to withdraw Bond Interest: 2.5% of per annum interest will be issued for the bond owners of 12%”Nepal Investment Bank Bond 2075” from the date of application to the date before the appropriation. The debenture bond certificate and interest coupon will be issued to the debenture owners.

Others: The owners can legislate the bond in any financial organization except Nepal Investment Bank for withdrawal of Loans.