KATHMANDU, OCTOBER 1
The Nepal Rastra Bank (NRB) is set to issue Treasury Bills (T-Bills) worth over Rs 18.05 billion on Monday.
The central bank will issue Treasury Bills worth five billion rupees with a maturity period of 28 days, T-Bills worth Rs 7.75 billion with a maturity period of 91 days, respectively, and T-bills worth Rs 5.30 billion with a maturity period of 182 days..
According to the NRB, the 21-day Treasury Bills will mature on October 31, 2023, 91-day T-Bills on January 2, 2023 and 182- day T-bils on April 2, 2024.
Earlier, the central bank had auctioned over Rs 18.71 billion in Treasury on September 25.
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-banks, 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 October 2. The allocated amount will be settled through NRB's bank account.
A version of this article appears in the print on October 2, 2023, of The Himalayan Times
