Nepal Rastra Bank is going to issue development bonds worth Rs 8 billion

Kathmandu: Nepal Rastra Bank is going to issue development bonds worth Rs 8 billion. Nepali citizens, banks and financial institutions, insurance companies and other organizations can apply for investment in the 8-year development bonds.

The interest rate for these bonds will be determined through a bidding process. Investors can purchase bonds in multiples of Rs 50,000, with a minimum investment of Rs 50,000.

Those who want to purchase bonds can submit bids through the NRB’s online bidding system before 3:00PM on March 12.

The principal payment of this bond is scheduled for February 22, 2032 with interest payments made on a half-yearly basis to the investors.