Dhaka, Bangladesh (BBN)- Auction of 182-Day Treasury bill (T-bill) was held on Sunday, officials said.
Ten bids amounting total of BDT 2.49 billion were offered against pre-targeted amount of BDT 3.0 billion. Of those, 10 bids of BDT 2.49 billion were accepted and BDT 510 million distributed among primary dealers (PDs).
“The rate of the implicit yields of the accepted bids were 10.99 percent per annum,” the central bank said.
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.
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-16Jan12-8:07 am (BST)