NRB issuing development bonds worth Rs. 15 billion

KATHMANDU: Nepal Rastra Bank (NRB) is set to issue development bonds worth Rs. 15 billion with a maturity period of four years.

The central bank is to issue development loan of Rs. 15 billion to the government to raise the required domestic debt.

The bond named “Development Bond 2083 Chha” will be issued through both competitive and non-competitive bidding, according to a notice issued by Monetary

Management Department (MMD) of the NRB.

Banking and financial institutions, non-banking financial institutions, insurance companies, organised groups and general public can apply for the bonds.