Kathmandu. Nepal Infrastructure Bank Limited (NIFRA), under the issuance and sale management of NIMB Ace Capital Limited, has successfully distributed the green energy bond named ‘Nifra Green Energy Bond 6% – 2088/89’ at the premises of NIMB Ace Capital Limited, Lazimpat, Kathmandu today.
More than 3.8 times more applications have been received for this green bond worth Rs 5 billion.
Which reflects high confidence in the financial outlook of the Nepali market. The issue and sale management of NIMB Ace Capital Limited was issued from 2082/02/18 to 2082/02/2018 by allocating 60 percent of the total withdrawal amount for individuals and 40 percent for the general public.
There has been enthusiastic participation from various organizations and the general public in the issue.
Mr. Shivant Bahadur Pandey, CEO, NIMB Ace Capital Limited said, “It is a matter of great pride for us to successfully complete the public issue of Nepal’s first green energy bond. This initiative is a natural extension of our principles based on innovation and foresight. On behalf of NIMB Ace Capital, we are excited to take the lead in such a historic initiative. We would like to assure that we will come up with more such meaningful projects in the coming days. ‘
With an interest rate of 6 per cent per annum with a tenure of 7 years, the bond is the first publicly issued green energy bond in Nepal.
The government of Nepal, Ministry of Finance, Ministry of Forest and Environment, Office of the Registrar of Companies, Nepal Rastra Bank, Securities Board of Nepal, Nepal Stock Exchange, CDS and Clearing, foreign donor agencies, Global Green Growth Institute and Korea International Cooperation Agency, company associates and journalists were thanked for their support in this process.
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