As per a notice issued by PDMO on Tuesday, January 27, auction of the bond will open on January 28 while the issue date is on January 29. The bond will mature on January 28, 2035. The interest rate of the bond will be decided through bidding. Interest will be paid semi-annually.
Interested banks and financial institutions (BFIs), individuals, firms, organisation and companies can apply for the bond. Out of the total amount, 85 percent i.e. bond worth Rs 8.50 billion will be issued to competitive bidders and 15 percent i.e. 1.5 billion will be issued to non-competitive bidders.
The bond can be kept as collateral for BFIs borrowing and will be traded through Nepal Stock Exchange (NEPSE) and DOMS.
Interested bidders can apply bid for the bonds on January 28, 10 am to 2 pm through the link (https://doms.gov.np/csd/MainTree.do) of Public Debt Management Office .
