The Government of Nepal is set to raise 10 billion in internal debt by issuing a seven year development bond named "Development Bond-2089".The Public Debt Management Office has announced that the bond will be issued through an auction process.
Government to Issue Rs 10 Billion Development Bond to Mobilize Internal Debt
Interested parties including banks, financial institutions, individuals, firms, organizations, and companies can participate in the auction by submitting their bids online by 3 PM on Wednesday, Ashwin 22.
The principal amount of the bond will be repaid on Ashwin 23, 2089, while interest will be paid semi-annually. The interest income will be subject to income tax as per prevailing laws.
The bond is also eligible to be used as collateral for obtaining or providing loans through banks and financial institutions, making it an attractive investment option for institutional and individual investors alike.
