Kathmandu, May 24
Nepal Rastra Bank is issuing a bond worth
Rs. 4 billion with 5-year maturity period.
The sales of the Citizen Bond 2082 will be
open till June 3 and will be issued on June 7.
The bond will bring 9 per cent interest
which would be paid on a half yearly basis. However, the interest money will be
taxable. The bond can be used as collateral to obtain loan from other banks and
financial institutions.
Interested Nepali investors can start from
Rs. 10,000 to any amount that is divisible by it within the limit of the bond.
Application forms are available at the market maker BFIs or can be downloaded
from the central bank's website.
Investors outside the Kathmandu Valley can
also apply for the bond and submit the application at the local branches of
BFIs that have market maker status.
The bond can be taken as stock or
promissory note but it should be clearly mentioned in the application. Stock
certificate would be provided to the illiterate investors.
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