Kathmandu. Nepal Infrastructure Bank (NIFRA) is going to issue debentures worth Rs 5 billion from May 15.
NIFRA is going to issue ‘Nifra Green Energy Bond’. This loan is of 7 years duration. Investors will get 6 percent interest per annum.
Nifra will open 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.
The issue of this bond will close at the earliest on June 15. If the application is not received as per the demand within this period, the sale will be open till June 15.
NIMB Ace Capital is the bond sales manager of NIFRA.
