Dhaka, Bangladesh (BBN)- Bangladesh government borrowed BDT 18 billion from the market issuing its treasury bills (T-bills) on Sunday to finance budget deficit partly, officials said.
Total 25 bids of BDT 17.6577 billion for 91-Day T-bills and 48 bids of BDT 23.88 billion for 182-Day T-bills were offered. Of those five bids of BDT 9.50 billion for 91-Day T-bills and 21 bids of BDT 8.50 billion for 182-Day T-bills were accepted.
The range of the implicit yield of the accepted bid was 5.25-5.36 per cent and 5.78-6.45 per cent respectively, according to the auction result.
Currently, three T-bills are being transacted through auctions to adjust the government’s borrowing from the banking system. The T-bills have 91-day, 182-day and 364-day maturity periods.