The Nepal Rastra Bank (NRB) is set to issue Treasury Bills (T-Bills) worth over Rs 34 billion on Monday.

The central bank is going to auction T-Bills worth Rs 10 billion with a maturity period of 28 days, of Rs 4.23 billion with a maturity period of 91 days, of Rs 12.47 billion with a maturity of 182 days and of Rs 7.50 billion with a maturity period of 364 days, respectively.

According to the NRB, the 21-day Treasury Bills will mature on June 20, the 91-day Treasury Bills on August 22, the 182-day Treasury Bills on November 21, while the 364-day Treasury Bills will mature on May 21, 2024.

Earlier, the central bank had auctioned five billion rupees in treasury with a maturity period of 28 days, eight billion rupees with a maturity period of 91 days, over nine billion rupees with a maturity period of 182 days and Rs 1.89 billion with a maturity of 364 days.

The bidding for the bonds will be opened online at 3:00pm tomorrow, according to NRB.

The central bank will issue the T-Bills to the highest bidders among the A, B and C class banks, other financial institutions, non-banking and financial institutions on Tuesday.

The Treasury Bills are normally maturity promissory notes issued by a government as a primary instrument for regulating money supply and raising funds via open market operations. Bidders are required to bid only through online bidding system software (OBSS).

Those who do not have an account at NRB should submit earnest money deposit vouchers to the Monetary Management Department (MMD) by 3:00pm tomorrow.