KATHMANDU, DECEMBER 11

Nepal Rastra Bank (NRB) is set to issue treasury bills worth Rs 13 billion on Monday.

The central bank is going to auction off treasury bills worth two billion rupees with a maturity period of 28 days, five billion rupees with a maturity period of 91 days, four billion rupees with a maturity of 182 days and two million rupees with a maturity of 364 days, respectively.

According to the NRB, the 21-day treasury bill will mature on January 10, 2023, 91- day treasury bill on 182-day treasury will mature on March 14, 2023, 182-day treasury bill on June 13, 2023, and 364-day treasury bill on December 12, 2023. Earlier, the central bank had auctioned Rs 9.96 billion in treasury on December 5.

The bidding for the bonds will be open online at 2:00pm, according to NRB.

The central bank will issue a treasury bill on Tuesday to the highest bidder among the A, B and C class banks, other financial institutions, nonbank and financial institutions participating in the bidding process.

The treasury bills are normally maturity promissory notes issued by a government as a primary instrument for regulating money supply and raising funds via open market operations. Bidders are required to bid through online bidding system software (OBSS) only.

A version of this article appears in the print on December 12, 2022, of The Himalayan Times.