Nirdhan Utthan Microfinance to Issue NPR 1 Billion Bond

Nirdhan Utthan Microfinance Financial Institution is set to issue bonds worth NPR 1 billion. The decision to float the bond was approved during the board meeting held on Mangsir 5.

According to the public notice, the institution plans to issue an unsecured subordinated term bond amounting to NPR 1 billion with an interest rate of 7 percent. The proposal will be submitted to Nepal Rastra Bank (NRB) for approval.

The microfinance institution stated that the bond will be issued only after obtaining necessary approvals from Nepal Rastra Bank and the Securities Board of Nepal (SEBON). The funds raised through the bond will be utilized for long-term financing and strengthening the institution’s capital base.