Nepal Rastra Bank to issue development bonds

Kathmandu,

Nepal Rastra Bank (NRB) is about to issue development bonds worth Rs. 10 billion for eight year.

According to the notice published by Public Debts Management Department (PDMD) of NRB, under “Development Bond 2085 Gha” bonds will issue through both competitive and non-competitive bidding.

Banking and financial institutions, non-banking financial institutions, insurance companies, organised groups and the general public can purchase the bond, which will be allocated on Wednesday and will mature on February 25, 2029.

To raise internal debt of the government, NRB also facilitates loan for the bond holder as collateral. Nepal Stock Exchange (NEPSE) will carry out the secondary transaction of the bond.