Central Bank to Issue Treasury Bill worth Rs 13.50 billion

April 24: Nepal Rastra Bank has announced to issue Treasury bill (T-bill) equivalent to Rs 13.50 billion through an auction. National Loan Management Department under Nepal Rastra Bank decided to issue the T-bill to cover internal debt of the government. The auction will start on Tuesday, April 24, according to the central bank.

The bank said that the T-bill Rs 3 billion will mature in 28 days on May 22. Likewise, T-bill equivalent to Rs 5.50 billion will mature on July 24. Likewise, 182-days T-bill worth Rs 5 billion will mature on October 23.

The bank said that 15 percent of the total amount will be received by the non-competitor auctioneer. Prior to this, the bank issued T-Bill worth Rs 5.25 billion on April 14 upon which Rs 10.56 billion was under auction.