Tuesday, May 13, 2025
  • Contact Us
  • About BBS
  • Privacy & Policy
ENG
DZO
BBSCL Logo
  • Home
  • Business
  • Politics
  • Sports
  • Education
  • More
    • Announcement
    • Programme
    • Radio Dzo-Channel Schedule
    • Radio Mix-Channel Schedule
Radio Live
No Result
View All Result
BBSCL logo
  • Home
  • Business
  • Politics
  • Sports
  • Education
  • More
    • Announcement
    • Programme
    • Radio Dzo-Channel Schedule
    • Radio Mix-Channel Schedule
No Result
View All Result
BBSCL logo
Radio LIVE

Government raises additional Nu 1.25bn from bonds

February 1, 2023
in Business, Other Stories
Reading Time: 2 mins read
0
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

The government has raised a further Nu 1.25bn through the issuance of government bonds. This takes the total amount raised from government bonds since September 2020 to Nu 14.7bn.

According to the Royal Monetary Authority (RMA), latest bonds have a 10-year maturity, and all winning bidders will be paid an annual coupon rate of 6.5 per cent.

Government bonds are a type of debt security issued by the government to raise funds for various projects or operations.

They function similarly to loans, with investors lending money to the government in exchange for regular interest payments and the return of the principal at a later date. These bonds can be purchased by banks, corporations and even individuals.

The bonds issued by the Royal Government of Bhutan are to raise funds to cover budget shortfalls, pay off existing debt that is due, maintain sufficient funds in the government bank accounts, provide loans to state-owned enterprises and any other purpose approved by the cabinet.

Since September 2020, the government through the RMA has issued bonds, seven times. The highest amount was raised in June last year at Nu 4bn, with a 12-year maturity.

The first bond issued in September 2020 raised Nu 3bn and is maturing in September this year.

The second and third bonds, both issued in February 2021 and 2022 respectively, raised a total of Nu 3.7bn with a 10-year maturity period.

The fourth bond has a 7-year maturity period and raised Nu 1.5bn in April of last year.

In total, Nu 14.7bn was raised through the issuance of government bonds since September 2020. Interest rates or so-called coupon rates range between 3 and 6.5 per cent.

These coupon payments will be made to investors on a half-yearly basis and upon bond maturity, the full amount will be paid back by the government.

Sherub Dorji

Previous Post

Motor Vehicle accidents increase in 2022 after decrease in past two years

Next Post

Orange growers of six eastern districts fetch good price

Next Post
Orange growers of six eastern districts fetch good price

Orange growers of six eastern districts fetch good price

Closure of regional offices in Zhemgang affects business community

Closure of regional offices in Zhemgang affects business community

RMA’s new payment system enables real time account validation for inter-bank fund transfers

RMA’s new payment system enables real time account validation for inter-bank fund transfers

Please login to join discussion

RECOMMENDED NEWS

NC insists on enacting an Act on Public Procurement

NC insists on enacting an Act on Public Procurement

8 years ago
1
Court sentences man to nine years in prison for rape of minor- Zhemgang

Court sentences man to nine years in prison for rape of minor- Zhemgang

3 years ago
12

Standard method of interest calculation for all banks

15 years ago
24
Landslide damages huts in Tronga

Landslide damages huts in Tronga

10 years ago
3

BROWSE BY CATEGORIES

  • Accidents (14)
  • Agriculture (415)
  • Announcement (171)
  • Business (731)
  • Crime/Legal (362)
  • Culture (43)
  • Development (48)
  • Disaster (56)
  • Economy (268)
  • Education (401)
  • Entertainment (11)
  • Environment (52)
  • Feature (65)
  • Featured (6)
  • Festival (77)
  • GMC (11)
  • Headlines (13)
  • Health (610)
  • Legal (51)
  • Literature (9)
  • Livestock (73)
  • Media (23)
  • Other Stories (5,439)
  • Politics (418)
  • RCSC (1)
  • Recent stories (7)
  • Religion (43)
  • Sci/Tech (708)
  • Social (474)
  • Sports (441)
  • Technology (190)
  • Tourism (17)
  • Uncategorized (13,865)
  • Video (128)
  • Video Story (241)
  • Wildlife (39)

BROWSE BY TOPICS

Tender Announcement Vacancy Announcement

POPULAR NEWS

  • BPC’s investigation rules out transformer short circuit as Damchhu forest fire cause

    Viral video of Bhutanese man assaulted by locals and police in Jaigaon sparks safety concerns

    0 shares
    Share 0 Tweet 0
  • A centenarian’s recipe to longevity

    0 shares
    Share 0 Tweet 0
  • Post-mortem confirms foul play: Progress in investigation of 24-year-old woman’s death

    0 shares
    Share 0 Tweet 0
  • Newspaper accuses DPT candidate of political ploy

    0 shares
    Share 0 Tweet 0
  • Man sentenced to 14 years in prison for raping 12-year-old girl

    0 shares
    Share 0 Tweet 0
BBSCL

Bhutan Broadcasting Service (BBS) is Bhutan’s primary national broadcaster, delivering diverse news and entertainment in multiple languages, fostering cultural understanding and public knowledge.

Follow us on social media:

Recent News

  • Thimphu District Administration inaugurates farm road projects worth Nu 33.5 M
  • RTA revokes Gho category cash prize after wrong weaver credited
  • Work on Rinchending bypass to start soon
  • Starlink gradually gaining popularity despite payment hurdles, 65 users registered to date
  • Standardised design for Zangdopelris to be developed soon

News Category

  • Accidents
  • Agriculture
  • Announcement
  • Business
  • Crime/Legal
  • Culture
  • Development
  • Disaster
  • Economy
  • Education
  • Entertainment
  • Environment
  • Feature
  • Featured
  • Festival
  • GMC
  • Headlines
  • Health
  • Legal
  • Literature
  • Livestock
  • Media
  • Other Stories
  • Politics
  • RCSC
  • Recent stories
  • Religion
  • Sci/Tech
  • Social
  • Sports
  • Technology
  • Tourism
  • Uncategorized
  • Video
  • Video Story
  • Wildlife
  • Contact Us
  • About BBS
  • Privacy & Policy

© 2024 BBSCL. All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Business
  • Politics
  • Sports
  • Education
  • More
    • Announcement
    • Programme
    • Radio Dzo-Channel Schedule
    • Radio Mix-Channel Schedule

© 2024 BBSCL. All rights reserved.