NRB issues treasury bills worth Rs. 4.85 billion

Kathmandu: Nepal Rastra Bank (NRB) on Monday issued Treasury bills worth Rs. 4.85 billion. Public Debt Management Department under the central bank has issued the treasury bills of 28-day and 91-day to obtain internal debt on behalf of the government.

The NRB is going to be sold 28-day treasury bill wroth Rs. 3.25 billion and 91-day treasury bill worth Rs. 1.6 billion through auction, according to the Treasury Bill Auction notice of the bank.

All interested parties are allowed to submit documents through online bidding system by 2 pm today.

The bank said that the treasury bills will be allocated to the winning bidders on January 9, 2018.

“Discount earning is taxable. Out of total offered amount, 15 per cent was reserved for non-competitive bidders,” the notice read.