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NRB to issue 5 Yearly Development Bonds worth Rs 6 Bn

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NRB to issue 5 Yearly Development Bonds worth Rs 6 Bn
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April 16: Nepal Rastra Bank (NRB) on behalf of the government is issuing development bonds amounted to Rs 6 billion from April 18. The development bond with a maturity period of 5 years is being issued by Public Debt Management Department, NRB to accumulate internal loan for the government. 

Previously, NRB issued 13 yearly development bonds worth Rs 5 billion on March 28 which was four times more demanded by banks and financial institutions (BFIs). 

According to the NRB, interested parties can apply for the development bonds till April 18, 1500 hours. However, the bond will be issued on April 19. The interest will be paid semi-annually which is liable to tax.  

 

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