Kathmandu, April 9
The Nepal Rastra Bank (NRB) is set to issue treasury bills worth over Rs 22.46 billion on Monday.
The central bank will issue treasury bills worth three billion rupees with a maturity period of 28 days, eight billion rupees with a maturity period of 91 days, 6.46 billion rupees with a maturity of 182 days and five billion rupees with a maturity period of 364 days, respectively.
According to the NRB, the 21-day treasury bills will mature on May 9, 2023, 91-day treasury bills on July 11, 2023, 182-day treasury bills on October 10, 2023, while the 364- day treasury bills will mature on April 9, 2024.
Earlier, the central bank had auctioned Rs 28.5 billion in treasury bills on April 3, of which Rs 17.45 billion were allocated to the total 1,283 bids made duringthat auction.
The auction for the bonds will start from 3:00pm tomorrow, 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 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 April 10, 3:00pm.
The allocated amount will be settled through NRB's account
A version of this article appears in the print on April 10, 2023, of The Himalayan Times.
