NRB issues treasury bills worth Rs. 18.60 billion

BY A STAFF REPORTER

Kathmandu, Apr. 26: Nepal Rastra Bank (NRB) has issued treasury bills worth Rs. 18.60 billion on Monday. Monetary Management Department under the central bank has issued the 28-day and 91-day treasury bills in order to raise internal debt on behalf of the government.

The NRB sold 28-day treasury bills worth Rs. 5 billion and 91-day bills worth Rs. 13.60 billion 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 3 pm Monday.

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

The bank said that the treasury bills will be allocated on April 25 (Tuesday).

“Discount earning is taxable. Out of total offered amount, 15 per cent is reserved for non-competitive bidders,” the notice said. 

The 28-day treasury bills will mature on May 24 and 91-day ones will mature on July 26, this year. 

Earlier, the NRB had sold treasury bills worth Rs. 10.20 billion on April 18.

The treasury bills, a major instrument of the money market, is a short-term government bond used by the central bank to raise internal debt for a period of one year or less.