KATHMANDU, July 8: Nepal Rastra Bank’s (NRB) Monetary Management Department has called for bids for bonds worth Rs 20 billion.
A public notice issued by the central bank on Wednesday states that the bonds can be bid online. Only banks and financial institutions classified as ‘A’, ‘B’, and ‘C’ that have obtained licenses from NRB (counterparties) are allowed to participate in the bond auction.
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Counterparties are required to mention the amount they wish to bid and the interest rate (up to four decimal places).
NRB has stated that bidding can be done in such a way that the minimum is Rs 50 million and the maximum up to the total call amount exactly divisible by 50 million.
