Nepal Rastra Bank to Raise Rs. 20 Billion Through 35-Day Deposit Collection Instrument
Summary
Nepal Rastra Bank will raise Rs. 20 billion through a 35-day deposit collection instrument, with banks and financial institutions bidding through an online auction. The central bank will allocate funds to the lowest interest rate bids and repay principal plus interest on Ashwin 2.
Key Points
- Nepal Rastra Bank plans to raise Rs. 20 billion through a one-month deposit collection instrument with a 35-day maturity.
- Banks and financial institutions must submit bids through the Online Bidding System by 3:00 PM today.
- The auction will allocate deposits starting from the lowest interest rate bids, with pro-rata allocation if demand exceeds supply at the same rate.
- The collected amount and interest will be repaid on Ashwin 2, and the instrument can count toward SLR and liquidity ratio requirements.
