Kathmandu. Nepal Infrastructure Bank (NIFRA) has received permission to issue debentures worth Rs 5 billion.
The Securities Board of Nepal (SEBI) today approved the issuance of ‘Nifra Energy Debenture’. Nifra will now issue a total of 5 million units of debentures at a face value of Rs 1,000.
Out of the total units, Nifra will sell 3 million units individually and public issue of the remaining 2 million units.
This bond of NIFRA is of 7 years duration. Investors will get 6 percent interest per annum.
NIMB Ace Capital is the bond sales manager of NIFRA.
