This bond can be used as collateral to obtain loans at banks and other banking and financial institutions.
We use Google Cloud Translation Services. Google requires we provide the following disclaimer relating to use of this service:
This service may contain translations powered by Google. Google disclaims all warranties related to the translations, expressed or implied, including any warranties of accuracy, reliability, and any implied warranties of merchantability, fitness for a particular purpose, and noninfringement.
Today too, the National Bank is going to withdraw 25 billion rupees from the market for one year. Today (Tuesday) the National Bank is going to withdraw 25 billion rupees from the market through 'Nepal Rastra Bank Debentures'.
After ten years, the country withdrew 25 billion rupees through bonds for the first time last Monday. Today, it is going to withdraw 25 billion rupees again through the same bond. A Rastra Bank bond is a tool used to withdraw money from the market for a period of one year or more.
The bond, named 'Nepal Rastra Bank Bond 2083 'B', will be auctioned at 2 pm on Poush 16 (today) 2082.
The interest rate of the bond will be determined through auction. The interest payment will be made in 6/6 months. A year later, on Poush 16, 2083, the principal of the bond will be paid.
Investors can bid on the bond by dividing it by a minimum of 50 million and a maximum of 50 million rupees, leaving a remainder.
This bond can be used as collateral to take out loans in banks and other banks and financial institutions.
Only banks and financial institutions (counterparties) of category 'A', 'B' and 'C' that have been approved by the National Bank can purchase the bonds.
