KATHMANDU, JUNE 25

The Nepal Rastra Bank (NRB) is set to issue Treasury Bills worth over Rs 24.11 billion on Monday.

The central bank will issue Treasury Bills worth four billion rupees with a maturity period of 28 days, Rs 10.11 billion with a maturity period of 91 days, and five billion rupees with a maturity of 182 days and 364 days, respectively.

According to the NRB, the 21-day Treasury Bills will mature on July 25, 2023, 91-day Treasury Bills on September 26, 2023, 182-day Treasury Bills on December 26, 2023, while the 364-day Treasury Bills will mature on June 26, 2024.

Earlier, the central bank had auctioned Rs 30.86 billion in treasury on June 19. The auction for the bonds will start from 3:00pm tomorrow, according to NRB.

On Tuesday, the central bank will issue the Treasury Bills to the highest bidders among the A, B and C class banks, other financial institutions, non-bank 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), while bidders, who do not have an account at NRB, should submit earnest money deposit vouchers to the Monetary Management Department (MMD) by June 26, 3:00pm. Allocated amount will be settled through NRB bank account.

A version of this article appears in the print on June 26, 2023, of The Himalayan Times.