Category Archives: Capital Market

Sebon to allow merchant banks to expand service

The capital market regulator is planning to allow merchant banks expand their services with increased paid up capital. Securities Board of Nepal (Sebon) is going to let the merchant banks do consultancy services, said an official at the board. A

Nepse on bullish trend

Nepal Stock Exchange (Nepse) broke the six year drought and shot up by 16.07 points to close the day’s trading at 846.78 points, today. On January 28, 2007, the Nepse index had reached 842.6 points. However, it slid down to

ICRA Nepal to evaluate credit worthiness of borrowers

ICRA Nepal is going to evaluate credit worthiness of borrowers from financial institutions to gauge their repayment capacity. Currently, financial institutions themselves appraise borrowers on the basis of financials submitted while applying for the loans to approve it by them.

Minimum price for promoters’ shares of insurance companies fixed

Nepal Stock Exchange (Nepse) has fixed the threshold for transaction of promoters’ share of insurance companies. The front line regulator today notified all the listed life and non-life insurance companies that it will control possible evasion of capital gains tax,

Temporary listing provision on cards

Nepal Stock Exchange (Nepse) proposed temporary listing of companies before a permanent listing. According to a draft Listing Bylaws, Nepse can allow companies to be listed for the maximum period of two years, if they fulfil listing criterion. The companies

NIC Asia Bank plans to issue debentures

NIC Asia Bank is issuing debentures worth Rs 400 million at 7.25 per cent coupon rate – popularly known as interest rate – on May 4 to 7. It will issue ‘7.5 per cent NIC Asia bond 2077’ at par

Companies given three months to digitise share certificates

CDS and Clearing has asked the listed companies to get their stocks digitalised within the next three months. The CDS has requested them to dematerialise their share certificates as per its plan to go into electronic clearing of share transactions

TBi Holdings Japan to invest in Kathmandu-Hetauda tunnel highway

TBi Holdings Japan is investing Rs 1 billion in Nepal Purbadhar Bikash Company, the developer of Kathmandu-Kulekhani-Hetauda Tunnel Highway. The company promoted by non-resident Nepalis (NRNs) TBi Holdings Japan chairman Bhaban Bhatta and Nepal Purbadhar Bikash Company chairman Kush Kumar

Electronic share trading begins

Electronic share trading began here today – for the first time in the country – with two stockbrokers Kalika Securities and Trishakti Securities trading some 30 units of dematerialised shares of Agriculture Development Bank Nepal. Nikesh Neupane sold his dematerialised

Eight global firms apply to be Nepal Telecom consultant

Nepal Telecom has received some eight Expressions of Interest (EoI) for its consultancy service to search for a strategic partner. “Eight international firms including KPMG, Ernst & Young, Deloitte, Roger Brothers (USA), Detecon International (Germany), an Indian and Singaporean firms

Will Nepse privatise ?

Nepal Stock Exchange (Nepse) has said that it is going to public to raise its paid up capital. Currently, it has a paid up capital of Rs 300 million only and after the planned issue – most probably the further

Time for South Asia to focus attention on domestic risks: World Bank

The World Bank said today it was cautiously optimistic about economic prospects in South Asia in 2014 because of growing exports and investment as it emphasized that the risks to growth were becoming more domestic, including an increasingly vulnerable banking

Nepse provides extra log-in accounts to brokers

Nepal Stock Exchange (Nepse) has provided extra log-in accounts to brokers to speed up and simplify trading in the secondary market. The extra log-in will come into practice from Sunday as the stock brokers have to add logistic. Since the

Government approves IFC’s local currency bonds worth Rs 50 billion

For the first time, the government has permitted an international financial institution to issue Nepali-rupee bonds to raise funds from the domestic market to finance mega projects. The cabinet meeting today gave a nod to International Finance Corporation (IFC) to

Nepal Bangladesh Bank share transfer dispute nears resolution

Securities Board of Nepal (sebon) has revoked the ban on trading of shares of Nirmal Pradhan and his associates after they committed to settle current Nepal Bangladesh Bank (NBB) share transfer dispute. The row has hit more than 1,000 investors

NIDC, RBB fail to offload cross-holding shares

The state owned banks and financial institutions have been finding it difficult to sell cross holding stakes. The central bank has extended the deadline to offload the cross holding stakes by the end of the current fiscal year – July

Finance Ministry forwards IFC’s local currency bond proposal to cabinet

Finance Ministry has today forwarded local currency bond issuance proposal of the International Finance Corporation (IFC) to the cabinet for approval. Once the cabinet approves, Finance Ministry, central bank and Securities Board of Nepal also need to give approval to

Bloomberg to analyse Nepal’s stock market

Nepal Stock Exchange (Nepse) and Bloomberg today signed an agreement to internationalise Nepal’s stock market. The international financial analysis company will examine and disseminate information about Nepse, said Nepse general manager Sitaram Thapaliya, after signing the agreement with Bloomberg’s representative