Dhaka, Bangladesh (BBN)- Auction of 91-Day and 182-Day Treasury Bills (T-bills) was held on Sunday, officials said.
Total nine bids of BDT 4.50 billion for 91-Day T-bills and nine bids of BDT 3.75 billion for 182-Day T-bills were offered. Of those two bids of BDT 645.30 million for 91-Day T-bills and two bids of BDT 537.80 million for 182-Day T-bills were accepted.
Accordingly BDT 3.0747 billion was devolved on primary dealers (PDs) and BDT 2.28 billion was devolved on Bangladesh Bank (BB) for 91-Day T-bills and BDT 2.5622 billion was devolved on PDs and Tk.1.90 billion was devolved on the central bank for 182-Day T-bills, according to the auction result.
The range of the implicit yields of the accepted bids were 11.10-11.12 percent and 11.23-11.25 percent respectively, it 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 banks and three non-banking financial institutions (NBFIs) - to deal with the government-approved securities in the secondary market.
BBN/SSR/AD-03April12-7:55 am (BST)
