Dhaka, Bangladesh (BBN) - Auction of 91-Day and 182-Day Treasury Bills (T-bills) was held on Sunday, officials said.
Total 15 bids of BDT 3.75 billion for 91-Day T-bills and 12 bids of BDT 3.75 billion for 182-Day T-bills were offered. Of those six bids of BDT 701 million for 91-Day T-bills and three bids of BDT 680 million for 182-Day T-bills were accepted.
Accordingly, BDT 1.799 billion was distributed among primary dealers (PDs) and BDT 2.50 billion was devolved on Bangladesh Bank (BB) for 91-Day T-bills. BDT 1.82 billion was distributed among the PDs and BDT 2.50 billion was devolved on the BB for 182-Day T-bills.
The central bank of Bangladesh earlier selected 15 PDs -- 12 banks and three non-banking financial institutions (NBFIs) - to deal with the government-approved securities in the secondary market.
The rate of the implicit yield of the accepted bid was 11.40 and 11.42 percent respectively, according to the 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.
BBN/SSR/AD-09July12-9:23 am (BST)
