Final Day to Apply for NIFRA’s NPR 5 Billion Green Energy Bond

Nepal Infrastructure Bank Limited (NIFRA) has announced that today marks the final deadline to apply for its NPR 5 billion worth of bonds. Initially, the application period was set to close on Jestha 22, but due to a lower-than-expected response, the deadline was extended to Jestha 25.

The bank began issuing the bonds from Jestha 18 under the name “NIFRA Green Energy Bond 6%, 2088/89.” The bond carries a face value of NPR 1,000 per unit and has a maturity period of seven years.

Out of the total 5 million units being issued, 40% (2 billion NPR / 2 million units) have been allocated for the general public, 60% (3 billion NPR / 3 million units) are to be sold through private placement, and 5% (100,000 units) of the public issue are reserved specifically for mutual funds.

The bond offers a fixed annual interest rate of 6%, with interest payments to be made semi-annually. Investors can apply through banks and financial institutions that are part of the C-ASBA system, including their branch offices.

Interested applicants can apply for a minimum of 25 units and a maximum of 1 million units.The issuance and sales of the bond are being managed by NIMB Ace Capital Limited. This bond presents an attractive opportunity for investors seeking steady returns while contributing to Nepal’s green energy development.