Kathmandu, May 27:

Securities Board of Nepal (Sebon) has approved the issuance of 9,60,000-unit of initial public offerings (IPOs) of Clean Energy Development Bank (CEDB) at the face value of 100 per unit.

“NMB is the issue and sales manager for issuance of CEDB’s IPOs,” states a press release issued here by the regulatory authority of capital market that is going to witness around Rs 2 billion worth IPOs in near future.