N24 Staff Writer, KATHMANDU:- Nepal Rastra Bank (NRB) is set to auction development bonds worth Rs 10 billion today. According to the central bank, ‘Development Bonds, 2085 D’ is being sold through a bidding process. The interest rate of the loan for a total period of eight years will also be determined through bidding.
Banks and financial institutions, non-banks and financial institutions, insurance companies, organized institutions, and Nepali citizens will be able to purchase the bonds. It is mentioned in the information of the central bank that one can take or give a loan by keeping the bond as collateral.
It will be possible to participate in the bidding process for the purchase of development bonds in two formats, competitive and non-competitive. Out of the total amount to be sold, 85 percent equals Rs. 8 billion 250 million and 15 percent or Rs. 1.5 billion has been allocated.
Provision has been made to purchase at the exit point when dividing by Rs. 50,000 without exceeding the limit of the total amount withdrawn.
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