Nepal Rasta Bank to Issue Bonds Worth of Rs. 15 Billion with 1 Year Maturity Period
Summary
Nepal Rastra Bank will issue Rs. 15 billion worth of bonds named NRB Bond 2084 'Chha' with a one-year maturity period starting from Asar 29, 2083. Only licensed banks and financial institutions can participate in the bidding, with interest paid semi-annually.
Key Points
- Nepal Rastra Bank will issue central bank bonds worth Rs. 15 billion for a one-year duration starting Asar 29, 2083.
- Only licensed Class ‘A’, ‘B’, and ‘C’ banks and financial institutions can participate in the bidding process.
- Interest rate for the bonds will be determined through bidding and paid every six months.
- Failure to have sufficient funds on issuance day results in a 2.50% penalty and six-month ban from future bidding.
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