The principal payment of the bond will be on October 23, 2089, while the interest payment will be made semi-annually. Income tax will be charged on such interest.
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The government has prepared to raise domestic debt of 10 billion rupees by issuing development bonds. The bond with a maturity period of seven years has been named as 'Development Bond-2089'.
According to the Public Debt Management Office, the bonds will be issued through Bolakbol. Banks and financial institutions, other individuals, firms, institutions or companies interested in purchasing the bond can participate in the auction until 3:00 p.m. on Wednesday, October 22. The speech must be submitted through the online system. The principal payment of the
bond will be on 23 October 2089, while the interest payment will be made semi-annually. Income tax will be charged on such interest.
In this bond, there is a provision to take and give loans by placing collateral in banks and financial institutions.
