Dhaka, Bangladesh (BBN) - Auction of 182-Day Treasury bill (T-bill) was held on Sunday, officials said.
Nine bids amounting total of BDT 2.25 billion were offered against pre-targeted amount of BDT 3.0 billion. Of those, nine bids of BDT 2.25 billion were accepted and BDT 750 million devolved on primary dealers (PDs).
“The rate of implicit yields of the accepted bids was 11.25 percent per annum,” the central bank said in its 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.
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-30Jan12-9:00 am (BST)