NIFRA to Issue 6% Green Energy Bonds from Jestha 18

Nepal Infrastructure Bank Limited (NIFRA) is set to issue a 7-year bond titled "NIFRA Green Energy Bond 6%–2088/89" from Jestha 18. This bond offers an annual interest rate of 6%. The bank has received approval from the Securities Board of Nepal (SEBON) to issue 5 million units of bonds, each with a face value of NPR 1,000. Out of the total, 3 million units will be sold privately, while 2 million units will be made available to the public—1 million of which are reserved for mutual funds, and the remaining 1.9 million units will be offered to general investors. Applicants can apply for a minimum of 25 units and up to 1 million units. The issuance will close as early as Jestha 21 or by Asar 1 at the latest. NIMB Ace Capital Limited is the designated issue and sales manager for this bond.