Development bond is a government bond used to raise internal debt of more than two years, i.e. medium and long term.
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The government has prepared to raise domestic debt of Rs 10 billion by issuing development bonds.
The bond, which has a maturity period of nine years, has been named as 'Development Bond-2091 'C'. The Public Debt Management Office has informed that the
bond will be issued through Bolakbol. Banks and financial institutions, other individuals, firms, organizations or companies interested in purchasing the bonds can participate in the auction until 3:00 p.m. on Wednesday, August 18. Bolakbol must be submitted through the online system . The principal payment of the bond will be on 19 August 2091, while the interest payment will be made semi-annually. Income tax will be levied on such interest.
In this bond, there is a provision that banks and financial institutions can borrow and give loans.
