KATHMANDU, JULY 30
The Nepal Rastra Bank (NRB) is set to issue Treasury Bills (T-Bills) worth over Rs 21.10 billion on Monday.
The central bank will issue Treasury Bills worth eight billion rupees with a maturity period of 28 days, T-Bills worth Rs 8.10 billion with a maturity period of 91 days, and T-Bills worth five billion rupees with a maturity of 182 days, respectively.
According to the NRB, the 21-day Treasury Bills will mature on August 29, 2023, 91-day T-Bills on October 31, 2023, while the 182-day Treasury Bills on January 30, 2024,.
Earlier, the central bank had also auctioned Rs 12.60 billion in Treasury on July 24.
The latest auction for the bonds will start from 3:00pm tomorrow, according to the central bank.
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, nonbank 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 July 31.
The allocated amount will be settled through NRB's bank account.
