Kathmandu. Nepal Rastra Bank is to sell treasury bills worth Rs. 11.20 billion. The bank is going to sell the treasury from today through bidding process to raise the required short-term loan to the government.

NRB is going to issue Rs. 200 million for 91 days, Rs. 5 billion for 182 days and Rs. 6 billion for 364 days with a total treasury of Rs. 11.20 billion. The 91-day treasury will mature on January 20, the 182-day treasury will mature next April and the 364-day treasury will mature on November 1, 2079. Earlier, the bank had issued treasury worth Rs. 13.25 billion on September 10.

Treasury bidding will be open online. The bank will issue treasury bills on Tuesday to the A, B and C class banks, banks and financial institutions, non-banks and financial institutions, organized organizations as well as the highest number of ordinary Nepali citizens participating in the bidding.

The Treasury Bill, a major instrument of the money market, is a short-term government bond used to raise internal debt for a period of one year or less. In order to mobilize the short-term resources required by the government for a period of less than one year, the NRB issues such bills through bidding according to the multi-bid price method. The central bank issues four types of treasury bills: 28 days, 91 days, 182 days and 364 days. The 28-day treasury bill does not seem to be in circulation in Nepal at present.