KATHMANDU, March 7: Nepal Rastra Bank (NRB) is going to issue development bonds worth Rs 8 billion.
Nepali citizens, banks and financial institutions, insurance companies and other organizations can apply for investment in the 8-year development bonds.
NRB to issue development bonds worth Rs 10 billion
The interest rate for these bonds will be determined through a bidding process. Investors can purchase bonds in multiples of Rs 50,000, with a minimum investment of Rs 50,000.
Those who want to purchase bonds can submit bids through the NRB’s online bidding system before 3:00PM on March 12.
The principal payment of this bond is scheduled for February 22, 2032 with interest payments made on a half-yearly basis to the investors.
To apply, citizens are required to visit the Monetary Management Department of the NRB and deposit 2.50 percent of the desired investment amount into the NRB’s account no. 120000-015-115-524. Additionally, they must submit their bids through the online bidding system along with a copy of the voucher and citizenship certificate.
This development bond will be listed in Nepal Stock Exchange (NEPSE) and can be traded accordingly. Moreover, investors can obtain loans by pledging these bonds as collateral in banks and financial institutions.
