NRB to issue treasury bills worth Rs. 100m

KATHMANDU: Nepal Rastra Bank (NRB) is issuing treasury bills worth Rs. 100 million on Monday.

Public Debt Management Department under the central bank is going to issue 91-day treasury bills in order to obtain internal debt on behalf of the government.

The NRB sold 91-day treasury bills worth Rs. 100 million a through auction, according to the Treasury Bill Auction notice of the bank. The bank called interested parties to submit their sealed auction trading application by 2 pm Monday.

The bidders should bid through Online Bidding System (OBS) only. The allocated amount will be settled through NRB Bank Account, it said.

The bank said that the Treasury bills will allocate on January 7 (Tuesday).

“The discount earning is taxable. Out of the total offered amount, 15 percent was reserved for non-competitive bidders,” the notice said. The 91-day treasury bill will mature on April 7.