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NRB issuing development bond today

KATHMANDU: Nepal Rastra Bank is set to auction development bonds worth Rs 15 billion today in line with government’s schedule to collect such loans for 2020-21 the fourth quarter.

So far, the government has already collected internal loans of Rs 115 billion as of second quarter of the current fiscal year.

NRB has issued a five-year Development Bond 2083 under which banks and financial institutions, non-banking institutions, insurance companies as well as eligible Nepali citizens can apply for the bond within 3 pm today.

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