Nepal Rastra Bank to issue Deposit Collection Instrument worth Rs 10 arba today; Instrument to get matured on Bhadra 31

Nepal Rastra Bank is auctioning and issuing its deposit collection instrument worth Rs 10 arba on Shrawan 2, 2075 i.e. today. The central bank is issuing the instrument for 60 days.

Interested applicants can pace their bids till 3:00 AM through Online Bidding System. The interest rate for the instrument will be determined through auction. The payment of the principal and the interest will be made on Bhadra 31, 2075.

Interested bidders can place bids for minimum of Rs 5 crore and maximum upto the amount divisible by Rs 5 crore. The instrument can be used for pledging in any of the financial institutions except Nepal Rastra Bank.

‘A’, ‘B’ and ‘C’ class financial institutions can bid for the instrument. In case of the total bid amount exceeds the actual amount of Rs 10 arba, the issue will be made on pro rata basis.