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NRB to issue development bond worth Rs 10 billion

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NRB to issue development bond worth Rs 10 billion

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NRB to issue development bond worth Rs 10 billion

Nepal Rastra Bank.

KATHMANDU: The Nepal Rastra Bank (NRB) going to issue 8-year ‘Development Bond 2085’ ‘D’ worth Rs 10 billion.

The central bank is issuing the development bond to raise internal debt equal to the amount.

As per the notice issued by NRB, the bonds will be available for collateral, while banks and financial institutions, non-bank financial institutions, insurance companies, organizations, and Nepali citizens will be able to purchase the bonds.

The development bond, which will be issued from Tuesday, will mature in eight years.

Its interest rate will also be in line with the cut-off rate fixed in the previous development bond.

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