March 29: Machhapuchhre Bank has appointed NMB Capital the sales promoter for “Machhapuchhre Debenture 2085”.

The bank is issuing debentures worth Rs 3 billion with an interest rate of 10.25 percent per annum.

Shrijesh Ghimire, CEO of NMB Capital and Suman Sharma, CEO of Machhapuchhre Bank signed the agreement on behalf of their respective organisations.

The bank has received approval from Nepal Rastra Bank for issuing the debentures.