NRB to auction Treasury Bills worth Rs 11.2 billion

Kathmandu: Nepal Rastra Bank (NRB) will auction Treasury Bills worth Rs 11.20 billion on October 18. NRB is selling the Treasury Bills through Online Bidding System Software (OBSS) in a bid to mobilise short-term loans for the government. The central bank is issuing Treasury Bills worth Rs 200 million for a period of 91 days, bills worth Rs 5 billion for a period of 182 days and bills worth Rs 6 billion for a period of 364 days. The Treasury Bills of 91-day period will mature on January 18, 2022, while those of 182-day period will mature on April 19, 2022, and those of 365-day period will mature on October 18, 2022. The auction of the Treasury Bills will open online at 3 pm today. Bidders, who do not have an account at NRB, must submit earnest money deposit voucher at Monetary Management Department (MMD) by 3 pm. Successful bidders, who do not have an account at NRB, must deposit the remaining amount in NRB's Account No. 1200000/015-110-524 at the Banking Department and submit voucher to MMD. Previously, NRB had issued Treasury Bills worth Rs 13.25 billion on October 11. READ ALSO:  Nepal Rastra Bank issuing repo worth Rs 20bn