Nepal Rasta Bank to Issue Bonds Worth of Rs. 15 Billion with 1 Year Maturity Period
Summary
Nepal Rasta Bank will issue bonds worth Rs. 15 billion for one year with interest paid biannually. Only licensed banks and financial institutions can participate in the bidding.
Key Points
- Nepal Rasta Bank will issue Rs. 15 billion worth bonds named 'NRB Bond 2084 Ja' with a one-year maturity.
- Only licensed Class ‘A’, ‘B’, and ‘C’ banks and financial institutions can participate in the bond bidding process.
- Interest rates for the bond will be determined through bidding, with interest paid every six months.
- Bonds can be used as collateral for loans and count toward statutory liquidity requirements, but the invested amount cannot meet mandatory cash reserves.
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