Amid excess liquidity and cheap interest rate in the banking system, the government is borrowing the fund in the beginning of the new FY.
Public Debt Management Office on behalf of the government is issuing development bond worth Rs 10 billion having a maturity period of 11 years. The bond is applicable by banks and financial institutions (BFIs), insurance companies and general public through bidding method.
The interest rate will be finalized through bidding method. Interest will be paid semi-annually. The bond is eligible to keep as collateral in any banks.
Interested parties can apply till 3 PM, July 31. The bond will be allotted on Thursday, August 1.
