Power Bond sold out

KATHMANDU: The sale of Power Bond 2069 issued by Nepal Electricity Authority (NEA) closed successfully on Friday. The state-owned power utility had announced sale of 1.5 million unit bonds worth Rs 1.5 billion for the public and institutional investors from February 15 to 21 for the shortest period, while it was extended till Friday. The sale was managed by Nepal Merchant Banking and Finance Ltd as sales manager. “The Power Bond exceeded the target and received Rs 1.64 billion worth demands,” states a press release. — HNS

SIL’s shares listed

KATHMANDU: Nepal Stock Exchange (Nepse) has listed one million unit ordinary shares of Siddhartha Insurance Ltd (SIL) in the secondary market. The shares with a face value of Rs 100 each was sold for public through an IPO. “Nepal Merchant Banking and Finance was issue and sales manager,” states a press release. Of the shares, 2,50,000 units belong to SIL employees and the remaining 7,50,000 units to public. — HNS

Murder condemned

KATHMANDU: Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has strongly condemned the murder of Tirtha Raj Ojha, member of Mahottari Chamber of Commerce. Issuing a statement, FNCCI has asked the government to take stern action against those involved in such brutal activities. FNCCI has asked government to compensate the bereaved family. — HNS

Edu fair extended

KATHMANDU: After great response from students and parents Alfa Beta’s Grand Australian Education Exhibition 2008 has been extended for one more day till Saturday. “There will be free entry for counselling of Australian study seekers and those who are in process for going to Australia for study will can get complementary IELTS course,”states a press note.— HNS