Dhaka, Bangladesh (BBN) – Auction of 91-Day and 182-Day Treasury Bills (T-bills) was held on Sunday, officials said.
Total 11 bids of BDT 4.50 billion for 91-Day T-bills and 11bids of BDT 3.75 billion for 182-Day T-bills were offered. Of those, two bids of BDT 574.80 million for 91-Day T-bills and two bids of BDT 480 million for 182-Day T-bills were accepted.
Accordingly BDT 3.1452 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 2.62 billion was devolved on the BB for 91-Day T-bills and BDT 2.62 billion was devolved on PDs and BDT 1.90 billion was devolved on the central bank 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 implicit yield of the accepted bids was 11.23 percent and 11.30 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-15Apr12-8:40 pm (BST)
