KATHMANDU, MAY 26
The Nepal Rastra Bank (NRB) is set to issue Treasury Bills (T-Bills) worth Rs 29.13 billion on Sunday.
The central bank is going to auction T-Bills worth four billion rupees with a maturity period of 28 days, of Rs 7.13 billion with a maturity period of 91 days, of six billion rupees with a maturity of 182 days and of Rs 12 billion with a maturity period of 364 days, respectively.
According to the NRB, the 21- day Treasury Bills will mature on June 27, the 91-day Treasury Bills on August 29, the 182-day Treasury Bills on November 29, while the 364-day Treasury Bills will mature on May 28, 2024.
Earlier, the central bank had auctioned Rs 34.3 billion in Treasury Bills on May 22.
The bidding for the bonds will be open online at 3:00pm on Sunday, according to NRB.
The central bank will issue the Treasury Bills on Tuesday to the highest bidder 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) only.
A version of this article appears in the print on May 27, 2023, of The Himalayan Times.
