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Nepal Reinsurance Company to Invest in Fixed Deposits
Author
NEPSE TRADING
Nepal Reinsurance Company Limited has announced its plan to invest its investable funds in fixed deposits in both Nepalese Rupees and US Dollars. However, the company has not disclosed the total investment amount.
Interested Class A, B, and C banks and financial institutions are required to submit sealed bids within five working days if they wish to accept the deposits.
The institutions must clearly mention the amount they are willing to accept, the proposed interest rate, and the mode of payment in their bids. Submissions are to be made through the central office of Nepal Infrastructure Bank.
The official bid application form can be obtained from the company’s website.
