NIFRA Green Energy Bond Oversubscribed, Marks Historic Shift in Nepal’s Capital Market

NIMB Ace Capital Ltd. has successfully overseen the allotment of the “NIFRA Green Energy Bond 6% – 2088/89” issued by Nepal Infrastructure Bank Limited (NIFRA), marking a historic milestone in Nepal’s capital market. The NPR 5 billion bond was oversubscribed by 3.8 times, showcasing strong investor confidence in green financing.

The bond, with a 6% annual interest and a 7-year tenure, will fund clean energy projects like hydropower and solar under the Green, Resilient, and Inclusive Development (GRID) framework. The allotment took place at NIMB Ace Capital’s office in Kathmandu, attended by representatives from regulatory authorities and stakeholders.

NIMB Ace Capital, a leader in Nepal’s merchant banking sector, has a strong legacy of financial innovation, having introduced Nepal’s first IPO, open-ended mutual fund, and agricultural bond. The firm manages substantial assets, including NPR 30.9 billion in AUM, and serves the largest number of RTS clients in the country, reflecting its role in shaping Nepal’s financial ecosystem.