Dhaka, Bangladesh (BBN)– The government borrowed BDT 4.0 billion thorough issuing its treasury bonds on Tuesday to partly finance its budget deficit , officials said.
Thirty four bids amounting total of BDT 7.14 billion were offered against pre-targeted amount of BDT 4.0 billion for 10-Year Bangladesh Government Treasury Bonds (BGTBs).
Of those, 14 bids amounting total of BDT 4.0 billion were accepted. The coupon rate of the accepted bid was 10.9200 percent, 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.
Furthermore, five government bonds with duration of two, five, 10, 15 and 20 years respectively – are being traded in the market.
BBN/SSR/AD-19Nov14-8:16 am (BST)
