Bangladesh Taka
Dhaka, Bangladesh (BBN) - The government borrowed nearly BDT 62 billion instead of BDT 30 billion on Thursday through issuing 91-Day Treasury Bills (T-Bills) to meet budget deficit partly for the outgoing fiscal year (FY), 2023-24.
The ongoing stable trend of yield on 91-Day T-bills continued on the day as banks may express unwillingness to invest their excess liquidity in the short-term securities.
The cut off yield, generally known as interest rate, on the 91-Day T-bills remained unchanged at 11.65 per cent on the day from the previous level, according to auction results.
The government borrowed nearly BDT 61.91 billion against the pre-auction targeted amount of BDT 30 billion through issuing the T-bills on the day to partially meet its budget deficit.
Currently, four T-bills are transacted through auction to adjust government borrowings from the banking system. The T-bills have 14-day, 91-day, 182-day and 364-day maturity periods.
The bills are short-term investment tools issued through auction, conducted by the central bank on behalf of the government.
Furthermore, five government bonds, with tenures of two, five, 10, 15 and 20 years respectively, are traded on the market.
BBN/SSR/AD