KATHMANDU: Nepal Rastra Bank (NRB) has announced the sale of treasury bills totaling Rs 27.66 billion, seeking the renewal of expired bills.
The central bank’s notification specifies the breakdown of the sought-after treasury bills, comprising 28-day bills worth Rs 5 billion, 91-day bills amounting to Rs 8.10 billion, 182-day bills totaling Rs 13 billion, and 364-day bills equating to Rs 1.56 billion rupees.
The distribution of the treasury bills is planned for Tuesday (October 31). The weighted average interest rate has been set at 5.9 percent based on previous data.
In the current auction, banks and financial institutions have quoted interest rates ranging from the highest at 5.95 percent to the lowest at 2.61 percent.
Nepal Rastra Bank is undertaking the resale of matured Treasury Bills as part of its internal debt collection efforts.
Concurrently, the government has settled the amounts for some treasury bills while reselling others.