NRB to sell ‘Foreign Employment Savings Bond 2081’ from today

December 17, 2019 | Investopaper

Nepal Rastra Bank is going to sell Rs. 20 crores worth of ‘Foreign Employment Savings Bond 2081’ from Poush 1, 2076. The sale of the bond will remain open until Poush 21, 2076.

Nepalese Citizens, as well as NRNs employed in foreign countries, are eligible to purchase the bond.

The features of the bond include:

—Interest rate is 10 percent per annum.

—Interest is payable semiannually i.e every 6 months.

—The bond has a maturity period of 5 years. The principal will be repaid in 2081.

—The bond is tradable in the market. Also, the bondholders can place the bond as collateral for the loans from any BFIs.


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