TT&A is advising IFC and certain other investors in their subscription to unsecured, unlisted green bonds aggregating to a principal amount of the NPR equivalent of up to USD 60 Million to be issued by NMB Bank Limited, a bank incorporated in Nepal. The proceeds of the bonds will be utilized towards loans to be provided by the Issuer for financing climate related activities such as renewable energy projects, electric, hybrid or plug-in hybrid transport etc. 

This green bond issuance is the first by any institution in Nepal. This issuance is also the first bond issuance in Nepal which will be subscribed by foreign investors. The proposed investment would contribute to developing the long-term debt capital market, along with the climate financing in Nepal. 

TT&A Team: Gautam Saha – Joint Managing Partner; Pallavi Meena & Swati Chauhan– Partners; Siddharth Tandon – Managing Associate and Daksh Middha – Associate