NRB to Issue Development Bonds worth Rs 10 Billion on Thursday   

July 5: The Nepal Rastra Bank (NRB) is all set to issue development bonds worth Rs 10 billion on Thursday. The central bank is planning to issue the 'Development Bond 2086' on July 6 with a maturity period of six years, the central bank said in a notice published on Wednesday.

It may be noted that the government uses development bonds as a tool to raise public debt.    

Banks and finance companies, non-bank and financial institutions, insurance companies and organised institutions as well as common people can purchase the development bonds.    

The coupon rate of the development bonds will be determined in an auction through online bidding, according to the NRB. Interested parties can bid for the development bonds through NRB’s Online Bidding System Software at https:// obss.nrb.org.np/pd from 3 pm onwards on July 6. The notice states that the clearance of the interest will take place on a half-yearly basis.    

The bonds can be kept as collateral for taking loans.