Kathmandu, January 2
Nepal Rastra Bank (NRB) has issued treasury bills worth over Rs 20 billion today.
The central bank auctioned off treasury bills worth five billion rupees with a maturity period of 28 days, Rs 7.75 billion with a maturity period of 91 days, and Rs 7.50 billion with a maturity of 364 days respectively.
According to the NRB, the 21-day treasury bills will mature on January 31, 2023, 91- day treasury bills on April 4, 2023, while the 364-day treasury bills will mature on January 2, 2024.
Earlier, the central bank had auctioned Rs 18.50 billion in treasury on December 26, of which Rs 13.50 billion were allocated of the total 1,386 bids made during that auction.
The bidding for the bonds opened online at 2:00pm today, according to NRB.
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 on Tuesday.
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 only through online bidding system software (OBSS).
A version of this article appears in the print on January 3, 2023, of The Himalayan Times.
