Dhaka, Bangladesh (BBN) - Auction of 182-Day Treasury bills (T-bills) were held on Sunday, officials said.
Ten bids amounting total of BDT 2.625 billion were offered against pre-targeted amount of BDT 3.50 billion. Of those, two bids of BDT 322 million were accepted and BDT 3.1780 billion devolved on primary dealers (PDs).
The rate of implicit yield of the accepted bids was 11.20 percent, according to the auction result.
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.
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-26Feb12-10:10 pm (BST)
