Dhaka, Bangladesh (BBN) – Auction of 15-Year Bangladesh Government Treasury Bond (BGTB) was held on Tuesday, officials said.

Ten bids amounting total of BDT 2.0625 billion were offered against pre-targeted amount of BDT 2.75 billion. Off those, two bids amounting total of BDT 397.50 million were accepted and BDT 2.3525 billion was distributed among primary dealers (PDs).

The coupon rate of the accepted bids was 11.5000 percent, according to the auction result.

Currently, four government bonds – five-year, 10-year, 15-year and 20-year -are being traded in the markets.

The central bank of Bangladesh earlier selected 15 PDs — 12 commercial banks and three non-banking financial institutions (NBFIs) — to deal with government securities in the secondary market.

The PDs will subscribe and underwrite primary issues and make secondary trading deals with two-way price quotations.

BBN/SSR/AD-17Jan12-11:56 pm (BST)