NRB announces issuance of development bonds worth Rs 7.69 billion

KATHMANDU: In a bid to boost national development initiatives, Nepal Rastra Bank (NRB) has declared the issuance of development bonds worth Rs 7.69 billion on behalf of the government. The announcement, eagerly awaited by financial markets, is set to be unveiled by NRB officials on Wednesday.

Scheduled to be auctioned on March 21, with the release slated for March 22, these bonds will carry a maturity period of 6 years, offering investors a long-term avenue for investment.

Eligibility for participation in the bidding for these bonds extends to banks, financial institutions, non-bank financial institutions, insurance companies, and Nepali citizens, marking a broad spectrum of potential investors.

The issuance of development bonds is a routine mechanism employed by the government to raise domestic debt and channelize funds into vital development projects. Such initiatives play a crucial role in bolstering the nation’s infrastructure and economic growth trajectory.

Stay tuned for further updates as Nepal Rastra Bank continues to navigate the country’s financial landscape with strategic fiscal policies.

Fiscal Nepal |
Wednesday March 20, 2024, 03:02:49 PM |

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