NRB to issue development bonds worth Rs 8 billion, minimum investment set at Rs 50,000
KATHMANDU, March 7 -- Nepal Rastra Bank (NRB) is going to issue development bonds worth Rs 8 billion.
Nepali citizens, banks and financial institutions, insurance companies and other organizations can apply for investment in the 8-year development bonds.
The interest rate for these bonds will be determined through a bidding process. Investors can purchase bonds in multiples of Rs 50,000, with a minimum investment of Rs 50,000.
Those who want to purchase bonds can submit bids through the NRB's online bidding system before 3:00PM on March 12.
The principal payment of this bond is scheduled for February 22, 2032 with interest payments made on a half-yearly basis to the investors.
To apply, citizens are required to visit the Monetary Man...
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