Machhapuchchhre Bank Lists Rs 3 Arba Preference Shares on NEPSE

Machhapuchchhre Bank Limited has listed 3 crore units of its 8.25 percent Machhapuchchhre Perpetual Non-Cumulative Preference Shares on the Nepal Stock Exchange (NEPSE). The listed issue, traded under the symbol “MBLPNP,” carries a total paid-up value of Rs 3 Arba, with each share having a face value of Rs 100. According to the bank, secondary market trading of the preference shares will begin from Jestha 20, 2083. However, the shares will be available for trading only among institutional investors. Individual investors as well as licensed securities intermediaries, including brokers, dealers, merchant bankers and mutual funds, will not be permitted to participate in trading of these perpetual non-cumulative preference shares.