KATHMANDU, JULY 2
The Nepal Rastra Bank (NRB) is set to issue Treasury Bills (T-Bills) worth over Rs 29.66 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 7.75 billion with a maturity period of 91 days, T-Bills worth five billion rupees with a maturity of 182 days and worth Rs 8.91 billion with a maturity period of 364 days, respectively.
According to the NRB, the 21- day Treasury Bills will mature on August 1, 2023, 91-day T-Bills on October 3, 2023, 182-day Treasury Bills on January 2, 2024, while the 364-day Treasury Bills will mature on July 3, 2024.
Earlier, the central bank had also auctioned Rs 24.11 billion in treasury on June 26. The auction for the bonds will start from 3:00pm tomorrow, 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, 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 July 3, 3:00pm. Allocated amount will be settled through NRB's bank account.
A version of this article appears in the print on July 3, 2023, of The Himalayan Times.
