Kathmandu, November 12
The government is set to raise Rs 10 billion in domestic debt through a Development Bond auction.
The Public Debt Management Office, on behalf of the government, will conduct the auction for the “Development Bond 2087 BS,” a six-year bond, on Wednesday. This bond issuance aims to secure Rs 10 billion in internal financing.
Banks, financial institutions, non-banking financial institutions, insurance companies, organised institutions, and Nepali citizens interested in purchasing the bond must submit their bids by Wednesday, November 13, according to the Public Debt Management Office.
The bond will offer semi-annual interest payments, with the interest rate determined through the bidding process. Issuance of the bond is set for November 14, with principal repayment scheduled for November 15, 2030. The bond can also be used as collateral for borrowing.
For the current fiscal year, the government has set a target to raise Rs 330 billion in internal debt.
