KATHMANDU, OCTOBER 13

The Nepal Rastra Bank (NRB) is set to issue Treasury Bills (T-Bills) worth over Rs 18.70 billion on Monday.

The central bank will issue Treasury Bills worth Rs 7.70 billion with a maturity period of 91 days, T-Bills worth with five billion rupees a maturity period of 182 days, respectively, and T-bills worth six billion rupees with a maturity period of 364 days.

According to the NRB, the 91-day Treasury Bills will mature on February 16, 2024, 182- day T-Bills on April 16, 2024 and 364-day T-Bills on October 15, 2024.

Earlier, the central bank had auctioned over Rs 17.46 billion in Treasury on October 10.

The auction for the bonds will start from 3:00pm on October 16, according to NRB.

The central bank will issue the T-Bills on Tuesday to the highest bidders among the A, B, and C class banks, other financial institutions, nonbanks, 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 3:00pm on October 16. The allocated amount will be settled through NRB's bank account.

A version of this article appears in the print on October 14, 2023, of The Himalayan Times