NRB Issues Back to Back Bonds, Raising NPR 105 Billion Through Three Offerings
Summary
Nepal Rastra Bank has issued a total of NPR 105 billion worth of bonds through three offerings within a few days to manage excess liquidity in banks and financial institutions.
Key Points
- Nepal Rastra Bank has issued bonds worth NPR 25 billion for a duration of one year.
- The total bond issuance across three offerings in a short span amounts to NPR 105 billion.
- Only licensed Class A, B, and C banks and financial institutions can participate in the bidding process.
- The interest rate will be determined through bidding with interest paid biannually, and principal repaid upon maturity.
.png)