NIFRA appoints NIMB Ace Capital as issue manager for NIFRA Energy Bond

KATHMANDU: Nepal Infrastructure Bank (NIFRA) has officially appointed NIMB Ace Capital as the issue manager for its upcoming 'NIFRA Energy Bond 6% (2088/89).' This bond issuance aims to bolster the country's energy infrastructure, a crucial element for Nepal’s economic growth.

The NIFRA Energy Bond will feature a 6% interest rate and a seven-year validity period, with a total issuing size of Rs 5 billion. Upon approval from SEBON, 60% of this amount will be allocated for private placement, allowing select investors to participate, while the remaining 40% will be available to the general public, promoting broader access to investment in this vital sector.

The bond issuance is expected to strengthen the energy sector, enhance financial inclusion, and provide a secure investment avenue for both institutional and individual investors.

NIFRA is committed to facilitating infrastructure development in Nepal, offering a range of financial services tailored to meet the needs of both public and private sectors. Investors and stakeholders are encouraged to participate in this opportunity, which promises attractive returns while contributing to the nation’s infrastructure development.