KATHMANDU: Laxmi Bank has appointed Nabil Investment Banking Ltd as issue manager for the issue of its upcoming 10 per cent Laxmi Bank Debentures, 2086. A memorandum of understanding (MoU) has been signed between the two companies for the issue management service.

The MoU was signed by Ajaya Bikram Shah, CEO of Laxmi Bank and Sabir Bade Shrestha, CEO of Nabil Investment Banking Ltd, as per a press release.

Nabil Investment Banking Ltd has also been appointed as the trustee for the upcoming debentures.

Laxmi Bank is issuing debentures amounting to Rs two billion with a tenure of 10 years at a coupon rate of 10 per cent per annum.