NMB Bank Preference Shares Listed on NEPSE, Trading Starts from Wednesday
NMB Bank Limited has listed its Rs. 3 billion worth preference shares on the Nepal Stock Exchange (NEPSE).
NMB Bank Limited has officially listed its preference shares on the Nepal Stock Exchange (NEPSE) on Tuesday.
A total of 30 million units of preference shares, worth Rs. 3 billion, have been listed at a face value of Rs. 100 per share under the instrument titled “NMB Non-Redeemable Cumulative Preference Shares.”
The bank has fixed an annual dividend rate of 8.25% on these preference shares, which will be distributed only in profitable years as per the terms of issuance.
Following the listing, trading will begin from Wednesday. However, the instrument will not be available for general retail investors or mutual funds.
According to NEPSE regulations, trading of these preference shares will be restricted to institutional investors only, limiting participation to qualified financial institutions and corporate investors.
Market analysts suggest that the listing of such instruments reflects increasing diversification in Nepal’s capital market, especially in hybrid and structured financial products.