Nepal Infrastructure Bank appoints Nimb Ace Capital as Issue Manager

KATHMANDU, OCTOBER 18: Nepal Infrastructure Bank Limited (NIFRA) has officially designated NIMB Ace Capital Limited as the issue manager for its forthcoming "NIFRA Energy Bond 6% (2088/89)." The two companies signed a deal regarding this at a program held yesterday in the capital.  

The NIFRA Energy Bond offers an annual interest rate of 6% with a maturity period of 7 years, aiming to raise a total of NPR 5 billion. Upon approval by the Securities Board of Nepal (SEBON), 60% of the bond will be reserved for private placement, targeting select investors, while 40% will be available to the general public, ensuring wider participation in this crucial sector.

This initiative is expected to boost Nepal’s energy sector, foster financial inclusion, and provide a secure investment opportunity for both institutional and retail investors.

Investors and stakeholders can participate in this offering, which combines attractive returns with the opportunity to contribute to the country’s infrastructure development.

NIFRA is claimed to be committed to driving infrastructure growth in Nepal, offering diverse financial services tailored to the needs of both public and private sectors.