KATHMANDU: The Nepal Rastra Bank (NRB) is set to issue development bonds worth Rs 10 billion.

The central bank is going to issue development bonds 2084 for a period of seven years.

NRB has stated that the interest rate of the bond will be determined through bidding.

This bond can be purchased by banks and financial institutions, non-bank financial institutions, insurance companies, organized institutions, and Nepali citizens.

Interested applicants should apply to the National Debt Management Department. NRB has also mentioned that loans can be taken by pledging these bonds.

The bidding for the bonds will be held till 2 pm on Tuesday.