Nepal, Jan. 6 -- On Tuesday, the central bank offered bonds worth Rs 2.5 billion, inviting banks to submit competitive bids online.

To manage excess liquidity in the banking system, Nepal Rastra Bank (NRB) has issued one-year government bonds.

On Tuesday, the central bank offered bonds worth Rs 2.5 billion, inviting banks to submit competitive bids online.

Banks must submit their bids by 2:00 PM, and interest on the bonds will be paid every six months. The interest rate will be determined through the bidding process.

This is the fourth bond issuance in a week by NRB to control the accumulation of funds in the banking system.

Earlier, NRB had issued bonds 'A,' 'B,' and 'C' worth Rs 2.5 billion each for a one-year term. Last Wednesday,...