The inaugural “Nepal Rastra Bank Bond” issued on Tuesday drew an exceptionally strong response, with demand exceeding the offer by nearly 49 times. Although NRB planned to raise Rs 25 billion, bids from 32 financial institutions totaled Rs 1.22 trillion. The one-year bond was issued at an average interest rate of 2.64 percent and will mature on December 29, 2026. These bonds are also eligible to be used as collateral for loans. The overwhelming response highlights the large volume of excess liquidity currently held by banks and financial institutions.
