Government to Issue Bills Worth 33 Billion NPR

The Government of Nepal plans to issue treasury bills worth 33 billion NPR. The Public Debt Management Office will renew treasury bills worth 23 billion NPR and issue new treasury bills worth 10 billion NPR. These treasury bills will be issued on Wednesday (16th of Jestha), and the auction for these bills will take place today, Monday (14th of Jestha) at 3 PM.

Treasury bills worth 5 billion NPR for 91 days will be renewed, and new treasury bills worth 5 billion NPR will be issued. These treasury bills will mature on the 11th of Bhadra. Treasury bills worth 6 billion NPR for 182 days will be renewed, and new treasury bills worth 5 billion NPR will be issued, maturing on the 11th of Mangsir. Treasury bills worth 12 billion NPR for one year will be renewed, maturing on the 4th of Jestha, 2082.

Treasury bills are short-term government debt instruments used to raise internal funds for a period of 1 year or less. They are used by the government to meet short-term funding needs. Treasury bill certificates can be purchased before the maturity date and can be used for statutory liquidity ratio, permanent liquidity facility, and interbank transactions. Individuals can also pledge treasury bill certificates as collateral to obtain loans from banks and financial institutions. All classes of banks, financial institutions, organized entities, and general citizens can participate in the auction of treasury bills. The institution that bids the highest price will be given the first priority, and the treasury bills will be distributed in order up to the called amount.