Nepal Rastra Bank to Issue Rs. 35 Billion in Central Bank Bonds
Summary
Nepal Rastra Bank announces issuance of Rs. 35 billion central bank bonds 'NRB Bond 2084 Ka' for one year with interest payable semi-annually. Only licensed banks and financial institutions can participate.
Key Points
- Nepal Rastra Bank will issue central bank bonds worth Rs. 35 billion for one year.
- The bond, named 'NRB Bond 2084 Ka', will be issued on Asar 16, 2083.
- Only licensed Class ‘A’, ‘B’, and ‘C’ banks and financial institutions can bid online before 3:00 PM on issuance day.
- Interest rate will be set by bidding; interest paid every six months; principal repaid after one year.
- Bonds can be used as collateral for loans and count toward statutory liquidity ratio but not cash reserve requirements.
.png)