Nepal Rastra Bank announced the issuance of a one-year 'NRB Bond 2084 Ga' worth Rs 25 billion on July 3, 2026. The latest offering follows earlier issuances of Rs 45 billion and Rs 35 billion within the same period, bringing the cumulative total to Rs 105 billion across three offerings in a matter of days.
The bonds are offered through an online competitive bidding system, with interest rates determined by the bidding outcome. They are also eligible to be used as collateral, adding a degree of flexibility for participating banks and financial institutions.
The rapid succession of issuances signals the central bank's concern over excess liquidity sitting in the banking system, which it seeks to sterilize through these instruments rather than allowing it to flow into potentially inflationary or speculative activity.