Kathmandu. Nepal Infrastructure Bank Limited (NIFRA) is going to issue debentures. The company is issuing debentures worth Rs 5 billion.
The bank is issuing 5 million units of debentures at the rate of Rs 1,000 per unit. The bank will sell 3 million units individually, while out of the remaining 2 million units, 100,000 units will be reserved for the mutual fund and the remaining 1.9 million units will be issued to the general public.
The bank is going to issue ‘Nifra Green Energy Bond 2088-89’ with a tenure of 7 years and an interest rate of 6 percent per annum. At the time of applying, you can ask for a minimum of 25 units and a maximum of one million units. The eviction will be closed at the earliest on June 15 and late on June 15.
In addition, NIMB Ace Capital Limited will act as the issue and sales manager of the securities, the company said in a notice.
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