(1) If the Government of Nepal deems it necessary to raise domestic debt by issuing bonds, the total amount of debt to be raised, the repayment period of the bond, the interest rate, the interest payment period and other necessary conditions for the sale of such bonds shall be specified. If the bank is approved to issue for the purpose of doing so, the bank will issue such bond by publishing or broadcasting the notice as required.
(2) After the publication or transmission of the notice according to sub-rule (1), the person, firm, company or organization who wishes to purchase the bond shall submit an application to the department in the format specified in Schedule-13, attaching the bank voucher showing the amount of the bond they wish to purchase within the period specified in the notice.
(3) Other procedures related to issuance of bonds shall be as prescribed by the bank from time to time on the recommendation of the committee.