The bank is issuing ‘NIFRA Energy Debenture 7% 2085-86’ from December 15.
The debenture will yield 7 percent interest rate and have maturity period of 7 years.
The bank is issuing 5 million units of debentures worth Rs 5 billion. Out of the total offered units, the bank will privately finance 3 million units of debenture while 2 million units will be issued to the general public.
The bank has also allocated 5 percent i.e. 100,000 units for mutual funds.
The interested investors can apply for a minimum of 25 and maximum of 100,000 units of debenture.
The bank has appointed NIBL Ace Capital as its issue manager. The investors can apply from all ASBA approved BFIs and meroshare.
ICRA Nepal has assigned BBB rating to the issue indicating moderate risks.
The interest will be paid semi-annually.
