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Call for Government Bond Subscription (25-Jan-2021)

A 10 year bond of Nu.700 million in the name of the Royal Government of Bhutan is offered for auction through Royal Monetary Authority of Bhutan. The submission of bid will be opened from 1st February to 15th February 2021 (12 noon). The mode of bid submission is announced on the Royal Monetary Authority’s website (

Bond SeriesAllotment DateSettlement DateYr. of maturityMaturity DateCoupon Payment
RGOB00217/Feb/202118/Feb/20211017/Feb/2031Half yearly


Any Bhutanese persons including Bhutanese citizens, Firms, Companies, Corporate Bodies, Financial Institutions and Trust Funds can subscribe to the Bond.

Please read the offer document before submitting the bid for the Government Bond. Offer document can be downloaded below:

Please visit RMA website ( for further details.

Please submit your bid via this link

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Notification (29-Dec-2020)

IWP Review Period for FY 2020-21 (11-Dec-2020)

This is to inform that the IWP review period for appraisal period 2020 to 2021 has been opened from 1st December 2020 and it will remain open till 15th February 2021. Under the normal schedule, the review period is only for two months (i.e. December to January). However, for this year, RCSC had extended the review period by fifteen days (i.e. till 15th February, 2021) in view of the following reasons:

  • The APA/APT review & endorsement by the High Power Committee,Cabinet will be on 23rd December 2020.
  • Signing of final APA/APT will be done on 30th December 2020.

In this regard, we would like to request all the Heads of Divisions and Departments to kindly ensure that the changes in activities, target values of the staff in their respective IWP based on the prioritized APA/APT are done within the stipulated time.

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