Kathmandu, January 29

Nepal Rastra Bank (NRB) has decided to issue Treasury Bills (T-Bills) worth over Rs 21.1 billion on Monday.

The central bank is going to auction Treasury Bills worthfive billion rupees with a maturity period of 28 days, Rs 5.1 billion with a maturity period of 91 days, another five billion rupees with a maturity of 182 days and six billion rupees with a maturity period of 364 days, respectively.

According to the NRB, the 21-day Treasury Bills will mature on February 28, the 91-day Treasury Bills on May 2, the 182-day Treasury Bills on August 1, while the 364-day Treasury Bills will mature on January 30, 2024.

Earlier, the central bank had auctioned Rs 3.60 billion in treasury with a maturity period of 91 days on January 25, which received a total 1,287 bids.

The bidding for the bonds will be opened online at 3:00pm tomorrow, according to NRB.

The central bank will issue the Treasury Bills to the highest bidders among the A, B and C class banks, other financial institutions, non-banking and financial institutions on Tuesday.

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 only through online bidding system software (OBSS).

A version of this article appears in the print on January 30, 2023, of The Himalayan Times.