Bhutan National Bank Limited is issuing Subordinated Debt worth Nu.500 million (out of this 50% is private placement) at Nu.1,000 per unit. The subscription period opens on 9^th December, 2025 and closes on 11^th December, 2025. The Subordinated Debt term is for 6 years and 7 months at 5.5% annual interest rate, with the coupon payment made annually. Allotment will be done on 12^th December, 2025. For subscription inquiries, please contact BNB securities at karmachoden@bnb.bt/17434138.

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