T-Bills oversubscribed by almost three times
KATHMANDU: Treasury Bills (T-Bills) of various maturity periods floated on Monday by Nepal Rastra Bank (NRB) were oversubscribed by almost three times.
NRB, the central monetary authority, had floated T-Bills worth Rs 14.61 billion with maturity periods of 91 days, 182 days and 364 days. By the time the auctions were over, bids worth Rs 41.66 billion had been received, said Nara Bahadur Thapa, executive director of Public Debt Management Department at NRB.
Of the T-Bills floated by NRB, Rs five billion worth of securities, with maturity period of 91 days, were fresh. The rest were rollovers.
Today, 91-day Treasury Bills worth Rs 8.23 billion were up for grabs. These securities received bids worth Rs 20.65 billion. The yield on 91-day T-Bills offered today was better than that during the previous auction. Weighted average coupon rate on 91-day Treasury Bills auctioned today stood at 0.2387 per cent, according to NRB. During similar bidding conducted on June 15, weighted average coupon rate stood at 0.1811 per cent.
However, the yield on 182-day rolled-over Treasury Bills fell slightly today. Weighted average coupon rate on these securities stood at 0.5502 per cent today, as against 0.5771 per cent on June 15.
T-Bills worth Rs 2.65 billion, with maturity period of 182 days, were up for grabs today. These securities received bids worth Rs 8.43 billion.
Similarly, Treasury Bills worth Rs 3.73 billion, with maturity period of 364 days, were also put on sale today. These securities received bids worth Rs 12.58 billion.
Weighted average coupon rate on these securities stood at 0.8386 per cent, which was slightly better than 0.8091 per cent of June 12.