Nepal Rastra Bank is set to issue debentures worth NPR 25 arba through a bidding process, with interest rates to be determined via auction.
Nepal Rastra Bank (NRB) has announced plans to issue debentures worth NPR 25 arba under the title “Rastra Bank Debenture 2083 ‘Ka’”, to be sold through a bidding (auction) process. The debenture will have a tenure of one year and can also be used as collateral to obtain loans.
The interest rate on the debenture will be determined through the bidding process itself, and investors will receive interest payments on a semi-annual basis. Eligible investors include banks and financial institutions, non-bank financial institutions, insurance companies, organized institutions, as well as Nepali citizens.
According to NRB, the minimum bid size has been fixed at NPR 5 crore, while the maximum bid limit is NPR 25 crore. Interested participants may take part through either competitive or non-competitive bidding methods.
The bidding window for purchasing the debenture will remain open throughout office hours on Poush 14 (B.S.), as stated in the central bank’s notice.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
