Dhaka, Bangladesh (BBN)- The government borrowed BDT 7.0 billion from the market through issuing Five- Year Bangladesh Government Treasury Bonds (BGTB) on Tuesday to partly finance its budget deficit, officials said.
Forty three bids amounting total of BDT 26.3361 billion were offered against pre-targeted amount of BDT 7.0 billion. Of those, eight bids amounting total of BDT 7.0 billion were accepted.
The coupon rate of the accepted bid was 9.8200 percent, according to the auction result.
Currently, five government bonds with duration of two, five, 10, 15 and 20 years respectively -- are being traded in the market.
BBN/SSR/AD-13Aug14-12:09 pm (BST)