Govt to raise Rs 20 billion domestic debt, renew another Rs 8.6 billion

Govt to raise Rs 20 billion domestic debt, renew another Rs 8.6 billion
By Republica
Published: April 24, 2023 04:15 PM

KATHMANDU, April 24: The government of Nepal is going to mobilize Rs 20 billion of internal debt through treasury bills on Monday. Nepal Rastra Bank (NRB) is going to issue treasury bills worth Rs 28.6 billion on Monday.

Out of which, according to the national debt negotiations schedule, Rs 20 billion new loans will be mobilized and worth  Rs 8.6 billion of treasury bills will be negotiated for renewal, according to NRB.

On Monday, Rs 5 billion each out of Rs 10 billion through the 28 days and 91 days treasury bills, Rs 6 billion through the 182-day treasury bills, and Rs 4 billion through the 364-day treasury bills are going to mobilize Rs 20 billion of internal debt.

Similarly, discussions are ongoing about renewing the treasury bills of Rs 5 billion for 28 days and the treasury bills of Rs 3.60 billion for 91 days.

Treasury bills are short-term government bonds used to raise domestic debt with a maturity of one year or less. 

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