NRB to issue ‘Foreign Employment Saving Bond 2077’ worth Rs 25 crore from today

Nepal Rastra Bank is issuing “Foreign Employment Saving Bond 2077” worth Rs 25 crore from today (Chaitra 7, 2072). The foreign employment bond is targeted at Nepali migrant workers and non-resident Nepalese (NRNs) across the globe. Also, Nepalese working abroad who have returned to the country and have been here for less than four months can subscribe to the bond issue. The issue will close on Chaitra 24, 2072. Interested Parties can file for bonds worth minimum Rs 5,000 and maximum bonds worth an amount not exceeding the size of total issue and divisible by 5,000 without remainder. The bond will be allotted on Chaitra 29, 2072.The bond is being offered at a very attractive interest rate i.e. 9 percent per annum. The payout out of interest amount will be done in every six months. Similarly, the bonds can be used as collateral to take loans from banks and financial institutions. The auction form for the development bond is available at the bank’s website http://www.nrb.org.np