Nepal Rastra Bank has announced plans to issue debentures worth Rs 25 billion under the name “Nepal Rastra Bank Debenture 2083 ‘C’.” Commercial banks, development banks, and finance companies classified as Class A, B, and C institutions will be eligible to participate. The one-year debenture will be issued through an online bidding process, with interest rates determined competitively. The bidding will remain open until 2:00 pm. The principal will mature on Poush 20, 2083, while interest payments will be made twice a year. Bids will be allocated starting from the lowest interest rates up to the approved amount. The cut-off interest rate will apply uniformly to all successful bidders. The central bank has warned that institutions failing to maintain sufficient balance on the issuance date will face bid cancellation, a penalty of 2.5 percent of the approved amount, and a six-month ban from participating in open market operations.
