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Thursday, June 12, 2008

CEDB Ready For The IPO

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Clean Energy Development Bank Ltd. is now prepared for initial public offering. Total 960000 shares amounting to Rs. 96 million is being issued at the rate of Rs. 100 per share. CEDB is issuing the IPO from 19th June, 2008 to 24th June, 2008(2065 Ashad 5 to 2065 Ashad 10). The issue will be managed by NMB Bank Ltd. CEDB began its operation from 7th September 2006 with wide range of banking products and services which is located at Sitapaila Chowk, Ringroad, Kathmandu.The bank has authorized capital Rs. 640 million, issue capital 320 million. It has posted Rs. 3525000 profit for the 3rd quarter of fiscal year 2007/08.

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