Kathmandu, April 16

The Nepal Rastra Bank (NRB) is set to issue treasury bills worth over Rs 24.70 billion on Monday.

The central bank will issue treasury bills worth five billion rupees with a maturity period of 28 days, 7.70 billion rupees with a maturity period of 91 days, five billion rupees with a maturity of 182 days and seven billion rupees with a maturity period of 364 days, respectively.

According to the central bank, the 21-day treasury bills will mature on May 16, 2023, 91-day treasury bills on July 18, 2023, 182-day treasury bills on October 17, 2023, while the 364-day treasury bills will mature on April 16, 2024.

Earlier, the central bank had auctioned Rs 22.45 billion in treasury bills on April 10, of which Rs 19.26 billion were allocated to the total 4,560 bids made during that auction.

The auction for the bonds will start from 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, nonbank and financial institutions participating in the bidding process on Monday.

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), while bidders, who do not have an account at NRB, should submit earnest money deposit vouchers to the Monetary Management Department (MMD) by April 17, 3:00pm.

The allocated amount will be settled through NRB's account.

A version of this article appears in the print on April 17, 2023, of The Himalayan Times.