Nepal Rastra Bank Issues Rs 45 Billion One-Year Debt Note
Summary
Nepal Rastra Bank is issuing a one-year debt note worth Rs 45 billion through an online bidding process with interest rates determined by bidding and payments scheduled semi-annually.
Key Points
- Nepal Rastra Bank is issuing a one-year debt note worth Rs 45 billion.
- The interest rate for the debt note will be determined through an online bidding system.
- Bidding is open only to 'A', 'B', and 'C' class banks and financial institutions licensed by Nepal Rastra Bank.
- The debt notes can be used as collateral and impact certain liquidity ratios but not the Cash Reserve Ratio.
