NRB to Auction Development Bond Worth Rs. 2 Arba on Mangsir 27

Notice regarding the development bond 2082 "6" (3 year) sale at auction on 27 Mangsir 2079.

On behalf of the Government of Nepal, Nepal Rastra Bank (NRB), Monetary Management Department will issue the 3-year Development Bond 2082 "6" with the following features, procedures, and conditions through the oral process; therefore, banks and financial institutions, non-bank financial institutions, and insurance companies who are interested in purchasing the bond must bid for this bonds.

Additionally, the bond's interest rate will also be discussed. NRB states that interest would be paid semi-annually and that accrued interest will be subject to interest tax and on Mangsir 28, 2082, this bond will reach maturity. Also, loans may be obtained and pledged as security for this bond.

Buyers that are interested may join in auction either competitively or non-competitively. 85 and 15 percent, or Rs. 1.7 Arba and Rs. 0.3 Arba respectively, of the granted amount have been distributed to competitive and non-competitive enterprises. The remaining amount will be sold to competitive bidders if full bids are not obtained for the amount allotted to non-competitive bidders.

The amount of the bond will be divided proportionally among the bidders, the bank claims, if the non-competitive bidders receive more offers than the amount allotted.

Debt, issue, principal and interest payments:

• Auction date and time - 27th of Mangsir 2079, the auction will be held until 2:00 pm. Those who wish to purchase bonds must submit bids through Online Bidding System Software at https://obss.nrb.org.np/pd within that time.
• Due date of payment - 28 Mangsir, 2082
• Payment of interest - It will be semi-annually and interest tax will be charged on the accrued interest.