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Infrastructure Development Bonds
Issue 22, May 30, 2010
By KTM Metro Reporter
May 27, 2010: the central bank of Nepal called Nepal Rastra Bank is issuing Rs 7 billion worth of infrastructure development bonds to the Nepalis working in foreign countries according to the Myrepublica.com. The bonds possibly will carry 9% to 10% interest per annum. The government has made the provision for such bonds in the budget speech of the fiscal year 2009 (2066) with the objective of mobilizing the remittances that has been going to the consumption. These bonds are specially target to Nepalis working in foreign countries.
