Nepal Rastra Bank to issue Rs 45 billion bond today
Summary
Nepal Rastra Bank is issuing a Rs 45 billion one-year bond today through an online bidding process, open to licensed banks and financial institutions.
Key Points
- Nepal Rastra Bank is issuing a Rs 45 billion bond named 'Nepal Rastra Bank Bond 2027 (B)' today.
- The bond has a one-year maturity with interest rates determined through bidding and paid semi-annually.
- Only licensed 'A', 'B', and 'C' class banks and financial institutions can participate in the bidding.
- Bonds can be used as collateral and have implications for Statutory Liquidity Ratio but not for Cash Reserve Ratio.
