NRB to issue treasury bill worth Rs. 18.50 billion

By A Staff Reporter,Kathmandu, Dec. 26: Nepal Rastra Bank (NRB) is issuing treasury bills worth Rs. 18.502 billion on Tuesday.The Monetary Management Department under the central bank is going to issue 91-day, 128-day and 346-day treasury bills in order to obtain internal debt on behalf of the government.

The NRB will sell 91 days treasury bills worth Rs. 6.502 billion, 128 days treasury bills worth Rs.10 billion and 364 days treasury bills worth Rs. 2 billion through auction, according to the Treasury Bill Auction notice of the bank.

 The bank said that the interested parties would have to submit their sealed auction trading application by 2 pm on December 26 (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 December 27 (Tuesday), 2022. “Discount earning is taxable. Out of the total offered amount, 15 per cent was reserved for non-competitive bidders,” the notice said.

 The 91-day treasury bills will mature on March 28, 2023, 91-day treasury bills will mature on June, 27, 2023 and 364-day treasury bills will mature on December 26, 2023. Earlier, the NRB sold 91-day, 182-day and 364-day treasury bills worth Rs. 10.86 billion last week.