NRB issuing development Treasury Bill worth Rs. 10 billion on Thursday
Nepal Views
Kathmandu: The central bank has planned to issue the ‘Development Treasury Bill 2086 (Cha)’ on July 6 with a term of six years. The Nepal Rastra Bank (NRB) is all set to issue a Treasury Bill worth Rs. 10 billion on Thursday.
The government uses the Development Treasury Bill as a tool to raise public debt. Banks and finances, non-bank and finance institutions, insurance companies and organized institutions, and common people can purchase it.
According to NRB, an auction will determine the coupon rate of the Treasury Bill through online bidding. The clearance of the interest will take place on a half-yearly basis. The Bill could be put as collateral for taking loans.
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