Kathmandu. The Government of Nepal is going to raise an internal debt of Rs. 10 billion. Nepal Rastra Bank (NRB) has published a notice to issue development bonds worth Rs 10 billion to raise loans. The 7-year development bond 2084 'e' is about to be issued from the bidding process of the said bond.

The bid will have to be submitted in secret to the National Debt Management Department of NRB by January 29. The central bank has stated that the loan can also be taken on collateral. Buyers will be able to apply for a minimum of Rs.

The central bank has stated that the person or organization wishing to purchase the bonds can participate in the bidding process only as a competitive or non-competitive bidder. Class A, B and C institutions licensed by the Central Bank are not allowed to be non-competitive bidders. The NRB has disbursed 85 percent or Rs 8.5 billion to the competitors and Rs 1.5 billion to the non-competitors.