Nepal Infrastructure Bank to Issue "7% NIFRA Urja Rinpatra 2085/86" from Mangsir 29

Nepal Infrastructure Bank Limited (NIFRA) has published an offer letter to issue 50,00,000 units of "7% NIFRA Urja Rinpatra 2085/86" to the general public and institutions.

The debenture with a maturity period of 7 years and a coupon rate of 7% will be open for application from 29th Mangsir to 4th Poush, 2079. If the issue isn't fully subscribed, the deadline can be extended till Poush 14.

50,00,000 units will be issued at a par value of Rs.1000 per unit. Out of the total units being issued 30 lakh units of the total issue will be subscribed via private placement while the remaining 20 lakh units worth Rs. 2 Arba will be open for the public issue, 5% of which is also allocated for mutual funds. It will raise a total of Rs 5 Arba from the issuance.

NIBL Ace Capital is the issue manager. Investors can apply for a minimum of 25 units to a maximum of 1,00,000 units.

View the offer letter