Dhaka, Bangladesh (BBN)– Bangladesh government borrowed BDT17.50 billion from the market through issuing its treasury bills (T-bills) on Sunday to finance budget deficit partly, officials said.

Total 36 bids of BDT 19.9035 billion for 91-Day T-bills and 44 bids of BDT 21.6976 billion for 364-Day T-bills were offered.

Of those, 12 bids of BDT 9.50 billion for 91-Day T-bills and eight bids of BDT 8.0 billion for 364-Day T-bills were accepted.

The range of the implicit yield of the accepted bid was 5.25-5.40 per cent and 6.65-6.74 per cent respectively, according to the auction result.

BBN/SSR/AD