Dhaka, Bangladesh (BBN) - Auction of 91-Day and 182-Day Treasury Bills (T-bills) was held on Sunday, officials said.
Total 13 bids of BDT 8.35 billion for 91-Day T-bills and 15 bids of BDT 7.55 billion for 182-Day T-bills were offered.
Of those six bids of BDT 5.0 billion for 91-Day T-bills and seven bids of BDT 4.93 billion for 182-Day T-bills were accepted and BDT 70 million was distributed among other six primary dealers (PDs).
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-24July12-11:30 am (BST)
