Nepal Rastra Bank to Issue Rs. 20 Billion in Central Bank Bonds
Summary
Nepal Rastra Bank announces the issuance of Rs. 20 billion in one-year central bank bonds named NRB Bond 2084 'Gha' to manage excess liquidity among financial institutions.
Key Points
- Nepal Rastra Bank is issuing Rs. 20 billion worth of central bank bonds for one year.
- The bond issue is named NRB Bond 2084 'Gha' and will be issued on Asar 22, 2083.
- Only licensed Class ‘A’, ‘B’, and ‘C’ banks and financial institutions can participate in the bidding process.
- Interest will be paid every six months with principal returned at maturity; bonds can be used as collateral for loans.
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