NRB to issue bonds

KATHMANDU: Nepal Rastra Bank (NRB) has decided to auction 10-year long development bonds worth Rs 750 million at a rate of six per cent interest rate annually, states a press release. The transaction of development bonds is being carried out through secondary market. NRB is also issuing 10-year Citizen Savings Bonds worth Rs 250 million. — HNS

Russian arms exports

MOSCOW: Russia exported arms worth more than six billion dollars last year. Mikhail Dmitriyev, head of the federal service for military-technical cooperation, was quoted by the RIA Novosti news agency as saying that Russia currently had orders wor-th around $23 billion, compared to $15 billion in recent years.