April 20- Kathmandu – Nepal Rastra Bank has prepared to sell development bonds worth 20 billion rupees for the purpose of raising internal debt.

According to the Nepal Rastra Bank, the maturity period of the bond named ‘Development Loan 084 ‘T’ will be four years and the interest rate of the bond will be determined from bidding.

As mentioned in the notice of the Nepal Rastra Bank, the bond can be bid on 20th April until 3:00 in the afternoon, then the Bank will issue the bonds on Friday. The bond can be purchased by banks and financial institutions, insurance companies, organized organizations, and Nepali citizens.

The government, which has set a target of raising 2 trillion 56 billion rupees in domestic debt in the current financial year, has already raised 88 billion rupees in the third quarter of the current financial year .