NEA Upcoming IPO Nepal – Biggest IPO ever in 2022 has announced and making preparations to issue initial public offerings (IPO). The ICRA Nepal ICRA Nepal has assigned an issuer rating of [ICRANP-IR] AA+ (pronounced ICRA NP issuer rating double A plus) to Nepal Electricity Authority (NEA or the entity).
Issuers with this rating are considered to have a high degree of safety regarding timely servicing of financial obligations. Such issuers carry very low credit risk. The sign of + (plus) or – (minus) appended to the rating symbol indicates the entity’s relative position within the rating categories concerned. The rating is only an opinion on the general creditworthiness of the rated entity and is not specific to any debt instrument.
NEA IPO UPDATE: initial public offerings worth Rs 31.25 billion Nepal Electricity authority
ICRA Rating Nepal: NEA IPO AND ICRA Nepal Limited
ICRA Nepal Limited, the first Credit Rating Agency of Nepal, is a subsidiary of ICRA Limited (ICRA) of India. It was licensed by the Securities Board of Nepal (SEBON) on October 3, 2012. ICRA Nepal is supported by ICRA Limited through a technical support services agreement, which envisages ICRA helping ICRA Nepal in areas such as rating process and methodologies, analytical software, research, training, technical and analytical skill augmentation. Our parent company, ICRA Limited, was set up in 1991 by leading financial/investment institutions, commercial banks, and financial services companies as an independent and professional investment Information and Credit Rating Agency. Today, ICRA and its subsidiaries together form the ICRA Group of Companies.
NEA chief Said that We are working on fast-forward mode to IPO to make upper Tama Koshi hydropower construction we need too many funds to complete the project. The IPO will be only issued once it is approved by the Ministry of Finance and the Ministry of Energy, Water Resources, and Irrigation Nepal