NRB to open sale of Rs 10 billion development bonds

KATHMANDU: JUNE 21 – Nepal Rastra Bank (NRB) is set to open sale of Rs 10 billion worth of development bonds from Tuesday. NRB is going to issue bonds to manage the required loan amount for the government. NRB has issued a statement stating that the sale of the bonds will be opened from Tuesday.

‘Development Bond 2084 the term of the bond named ‘F’ will be 6 years. Banks and financial institutions, non-banks and financial institutions, insurance companies, organized organizations and Nepali citizens have to apply through the bidding process to purchase this bond. For this, an application has to be submitted to the National Debt Management Department of NRB.

Investors wishing to purchase bonds will have to submit bids through online bidding software by 3 pm on Tuesday, June 22. In this bond, a minimum of Rs 50,000 and a maximum of Rs 50,000 can be demanded through bidding for the purchase up to the point of exit.

Those who wish to purchase this bond can participate in a competitive and non-competitive manner. For competing buyers, 85 percent of the total bond amount and for non-competitors, 15 percent of the total bond amount has been allocated for sale.