Dhaka, Bangladesh (BBN)– The government borrowed BDT 16 billion through issuing its treasury bills (T-bills) on Sunday to finance budget deficit partly, officials said.

Total 29 bids of BDT 17.1440 billion for 91-Day T-bills and 52 bids of BDT 26.7831billion for 364-Day T-bills were offered. Of those, 14 bids of BDT 7.0 billion for 91-Day T-bills and 26 bids of BDT 9.0 billion for 364-Day T-bills were accepted.

The ranges of the implicit yield of the accepted bids were 5.28-5.34 per cent and 5.97-6.20 per cent respectively, according to the auction result.