Kathmandu. Nepal Rastra Bank (NRB) has issued debentures.

Nepal Rastra Bank (NRB) has issued “Nepal Rastra Bank Debenture 2083 BS” with a maturity period of Rs 25 billion.

Bidding for the bonds can be started through the online bidding system software till 2:00 pm today. It will be released today. The debentures will mature on January 12, 2083.

The interest rate of the debentures will be determined through bidding and the interest payment will be made half-yearly.

Only banks and financial institutions of grade (a), (b) and (c) licensed by Nepal Rastra Bank are eligible to participate in the bidding process.

Interested organizations can apply for a minimum of Rs 5 crore and a maximum of Rs 5 crore. The debentures can be used by banks and financial institutions as collateral in Nepal Rastra Bank and other banks and financial institutions (BFIs).

According to the notice, the interest rate will have to be mentioned up to 4 digits after the decimal while participating in the bidding. Preference will be given to bidders at the same rate or less by maintaining a single interest rate while allocating the sum called. If the demand is higher at the same interest rate, the bonds will be allotted on a pro-rata basis.

Banks and financial institutions are not allowed to count the investment made in these debentures as mandatory cash reserves. Such investments can be included in the calculation of the statutory liquidity ratio and the net liquid assets ratio.

If the bid is approved and there is not enough stock, the concerned institution will be given 2. The bank has threatened to ban the bank from participating in other bids for up to 6 months, including a 50 percent damage. For more information, contact the bank’s Monetary Management Department.