NIMB Ace Capital Facilitates Successful Allotment of NIFRA Green Energy Bond

Kathmandu – In a major milestone for Nepal’s financial and energy sectors, NIMB Ace Capital Ltd., a pioneering merchant banking institution, has successfully facilitated the allotment of the “NIFRA Green Energy Bond 6% – 2088/89,” issued by Nepal Infrastructure Bank Limited (NIFRA). The allotment ceremony took place at NIMB Ace Capital’s headquarters in Lazimpat, Kathmandu, and was attended by representatives from NIFRA, regulatory bodies, and other stakeholders.
The NPR 5 billion bond received an overwhelming market response, with total applications exceeding the offered amount by 3.8 times. This strong oversubscription reflects growing investor trust in both NIFRA’s green financing vision and NIMB Ace Capital’s proven track record of managing high-impact financial instruments. Known for its leadership in the capital markets, NIMB Ace Capital manages 30% of all Demat accounts in Nepal and has executed over 200 public offerings, mobilizing more than NPR 112 billion in capital.
Shivanth Bahadur Pande, CEO of NIMB Ace Capital, remarked, “For us, this initiative is a natural extension of our legacy rooted in innovation and foresight. By enabling Nepal’s first-ever green energy bond issuance, we are reaffirming our commitment to sustainability and building on our vision of pioneering impactful financial solutions for climate-resilient development.”
The bond offers a fixed annual interest rate of 6% and a maturity period of seven years. Sixty percent of the issue was allotted via private placement, while 40% was offered to the public. The public offering saw enthusiastic participation from institutional and retail investors, highlighting the rising appetite for environmentally focused investments.
Proceeds from the bond will finance renewable energy infrastructure, primarily in hydropower and solar energy, aligning with NIFRA’s commitment to Green, Resilient, and Inclusive Development (GRID). As the issue manager, NIMB Ace Capital’s role was instrumental—not only in structuring the bond but also in ensuring smooth execution, drawing on its deep experience in portfolio management, private equity, and corporate advisory. With NPR 11.9 billion in mutual funds, NPR 6 billion in portfolio management, and NPR 3 billion in private equity (targeting expansion to NPR 10 billion), the firm continues to shape Nepal’s capital market landscape.
The success of the NIFRA Green Energy Bond underscores both NIFRA’s leadership in sustainable infrastructure financing and NIMB Ace Capital’s role as a key driver of innovation and inclusive growth in Nepal’s financial ecosystem.