Kathmandu. Nepal Infrastructure Bank (NIFRA) has extended the deadline for applying for ‘Nifra Green Energy Bond’ by three days.
Nifra had issued debentures worth Rs 5 billion since May 15. The deadline for applying for this bond was June 15. However, since the public holiday has been given in Bhoto Jatra, it was extended by one day and applications could be made till June 15. However, as the application was not received as per the demand, the period of expulsion has been extended till June 15.
Nifra has opened the sale of a total of 5 million units of debentures at a face value of Rs 1,000. Of these, 3 million units will be sold individually and the remaining 2 million units have been set aside for the general public.
Out of the total units allocated for the general public, 100,000 units will be allocated to the collective investment funds. The general public will be able to apply for the remaining 1.9 million units.
Investors can apply for a minimum of 25 units and a maximum of 1 million units in this bond. Investors can apply from the banks and financial institutions participating in the ASBA service licensed by the Securities Board of Nepal and their designated branch offices as well as my share of CDSC.
NIMB Ace Capital is the bond sales manager of NIFRA. Nifra’s loan is for a period of 7 years. Investors will get 6 percent interest per annum.
