ICFC Finance debenture allotted

KATHMANDU:ICFC Finance issued debentures, which have been allotted. The debentures worth Rs 300 million, which were put up for sale by the Finance on January 22, were allocated on Sunday via a lottery system after more applications than demand.
Under Kumari Capital Limited's issuance and sale management, the Finance sold 300,000 shares worth Rs 300 million, with a face value of Rs 1,000 per unit, known as "9% ICFC Finance Limited Debentures 2088," with a 7-year tenor and 9% annual interest rate.
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