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 12 bids of BDT 4.1250 billion for 182-Day T-bills were offered. Of those three bids of BDT 1.1126 billion for 91-Day T-bills and four bids of BDT 1.0228 billion for 182-Day T-bills were accepted.
Accordingly BDT 2.60.74 billion was distributed among primary dealers (PDs) and BDT 2.28 billion was devolved on Bangladesh Bank (BB) for 91-Day T-bills and BDT 2.3872 billion was distributed among PDs and BDT 2.09 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 range of the implicit yields of the accepted bids was 11.32-11.34 and 11.35 percent per 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-14May12-8:05 am (BST)
