Kathmandu. Nepal Rastra Bank (NRB), the central bank of Nepal, is set to issue debentures worth Rs 15 billion. The central bank is set to issue ‘Nepal Rastra Bank Debenture 2084 BS’ on July 12 due to excess liquidity in the banking system.

The interested investors can apply for the debentures from class ‘A’, ‘B’ and ‘C’. The debentures will be auctioned till 3:00 pm today. The interest rate of these bonds will be determined through bidding.

It is a one-year bond. The principal will be paid on July 29, 2084 and the interest will be paid half-yearly. The interested bidders can bid for the debentures up to a minimum of Rs 5 crore and a maximum of Rs 5 crore.