NRB to issue Development Bond 2082 ; fourth in the series

ShareSansar June 23:

Nepal Rastra Bank (NRB) will be issuing Development Bond worth Rs 10 billion with a maturity period of 10 years named “Development Bond 2082”. This stands fourth in the series of development bonds issued this year.  

NRB has already issued three development bonds worth Rs 15 billion (5 billion each) in the span of 15 days.

Development Bond with a maturity of 5 years named “Development Bond 2077” issued on Jestha 14 collected Rs 37.33 billion which is 7.46 times more than the bond amount and the interest rate for it was 4%. Whereas “Development Bond 2079” issued on Jestha 21  with a maturity of 7 years collected Rs 42.24 billion which is more than 8.44 times the bond amount and the interest rate for it stood at 3.44%. Similarly, “Development Bond 2081” issued on Jestha 28, 2072 with a maturity of 9 years collected Rs 37.64 billion which is 7.52 times the bond amount and the interest rate for it was 3.08 %.

NRB today has issued Treasury Bill worth Rs 5 billion with a maturity date of 91 days and the interest rate for it has been fixed at 0.23%.

Mr. Nara Bahadur Thapa, Executive Director of Public Debt Management Department of NRB said, “There is an excess liquidity of Rs 114 billon in the banking system of the country.”

One week earlier the liquidity stood at Rs 100 billion and one week later it stands at Rs 114 billion and it is increasing.

He further added that non-banking financial institutions are expected to participate and benefit themselves from the issued bonds.

Government is mobilizing domestic resources by issuing bonds for the reconstruction of nation said, Thapa.  

NRB will also be auctioning “Development Bond 2087” worth 10 billion with a maturity period of 15 years on Ashad 17.