Dhaka, Bangladesh (BBN) - Auction of 182-Day Treasury bills (T-bills) was held on Sunday, officials said.
Thirteen bids amounting total of BDT 2.94 billion were offered against pre-targeted amount of BDT 3.0 billion. Of those, 13 bids of BDT 2.94 billion were accepted and BDT 60 million distributed among 13 primary dealers (PDs).
The central bank earlier selected 15 PDs -- 12 commercial banks and three non-banking financial institutions (NBFIs) -- to deal with government securities in the secondary market.
“The range of the implicit yields of the accepted bids were 9.24-9.25 percent per annum,” the central bank said in a statement.
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.
On the other hand, four government bonds -- five-year, 10-year, 15-year and 20-year -- are being traded on the market.
BBN/SSR/AD-18Dec11-11:48 pm (BST)