Dhaka, Bangladesh (BBN) – Auction of 91-Day and 364-Day Treasury bills (T-bills) was held on Thursday, officials said.
Total 11 bids of BDT 4.50 billion for 91-Day T-bills and 12 bids of BDT 3.00 billion for 364-Day T-bills were offered.
Of those two bids of BDT 632.60 million for 91-Day T-bills and three bids of BDT 438.40 million for 364-Day T-bills were accepted.
Accordingly, BDT 3.0874 billion was devolved on primary dealers (PDs) and BDT 2.28 billion was devolved on Bangladesh Bank (BB) for 91-Day T-bills and BDT 2.0416 billion was devolved on PDs and BDT 1.52 billion was devolved on the BB for 364-Day T-bills.
The central bank of Bangladesh earlier selected 15 PDs — 12 banks and three non-banking financial institutions (NBFIs) – to deal with the government-approved securities in the secondary market.
The rates of the implicit yields of the accepted bids were 11.32 percent and 11.36 percent respectively, according to the auction result.
Currently, three T-bills are being transacted through auctions to adjust the government borrowing from the banking system.
The T-bills have 91-day, 182-day and 364-day maturity periods.
BBN/SSR/AD-04May12-1:33 am (BST)
