Development bonds worth Rs 10 billion are being auctioned on Tuesday, Today.

Nepal Rastra Bank (NRB) is set to auction Rs 10 billion worth of development bonds on Tuesday.

According to the central bank, 'Development Bonds, 2085 D' is being sold through bidding process. The interest rate of the loan for a total period of eight years will also be determined through bidding. Banks and financial institutions, non-banks and financial institutions, insurance companies, organizations and Nepali citizens will be able to purchase the bonds. It is mentioned in the information of the central bank that one can take or give a loan by pledging the bonds.

It will be possible to participate in the bidding process for the purchase of development bonds in two formats, competitive and non-competitive. Out of the total amount to be sold, Rs. 8 billion 250 million equals 85 percent for the competitors and 15 percent or Rs. 1.5 billion for the non-competitors.

Provision has been made to purchase at the point of departure by dividing by Rs. 50,000 without increasing the limit of Rs.