KATHMANDU: Nepal Rastra Bank (NRB) has called for bidding on development bonds worth Rs 25 billion.

According to a public notice issued by the central bank today, the bidding for “Bond 2027 ‘E'” can be submitted online.

The notice further specifies that only ‘A’, ‘B’, and ‘C’ class banking and financial institutions (counterparties) licensed by Nepal Rastra Bank are eligible to participate in the bidding process.

Participating counterparties must specify the amount they wish to bid along with their proposed interest rate, which can be stated up to four decimal places.

NRB stated that the minimum bidding amount is fixed at Rs 50 million.

For amounts above that, bids can be placed up to the total requested amount, provided the figure is a multiple of Rs 50 million.