First Business News Portal in English from Nepal
KATHMANDU: Nepal Rastra Bank (NRB) has initiated the process to auction treasury bills worth Rs 11.20 billion.
The central bank has started selling the treasury bills through the tender process from October 18 in a bid to mobilize short-term loans for the government.
Accordingly, NRB issued treasury bills worth Rs 200 million for a period of 91 days, treasury bills worth Rs 5 billion for a period of 182 days and treasury bills worth Rs 6 billion for a period of 364 days.
The treasury bills of 91 days’ period will mature on 18 January 2022 while the treasury bill of 182 days’ period will be mature on 19 April 2022 and that of 365 days’ period will be mature on 18 October 2022.
Before this, NRB had issued treasury bills worth Rs 13.25 billion on October 11. The auctioning of the treasury bills opened online at 3 pm on October 18.
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