KATHMANDU, AUGUST 27
The Nepal Rastra Bank (NRB) is set to issue Treasury Bills (T-Bills) worth over Rs 15.10 billion on Monday.
The central bank will issue Treasury Bills worth eight billion rupees with a maturity period of 28 days, and T-Bills worth Rs 7.13 billion with a maturity period of 91 days, respectively.
According to the NRB, the 21-day Treasury Bills will mature on September 26, 2023, and 91-day T-Bills on November 28, 2023.
Earlier, the central bank had auctioned over Rs 6.23 billion in Treasury on August 21.
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, 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 August 28. The allocated amount will be settled through NRB's bank account.
A version of this article appears in the print on August 28, 2023, of The Himalayan Times.
