Dhaka, Bangladesh (BBN) - Auction of 91-Day and 182-Day Treasury Bill (T-bills) was held on Sunday, officials said.
Total 12 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 two bids of BDT 632.60 million for 91-Day T-bills and two bids of BDT 5.828 million for 182-Day T-bills were accepted.
Accordingly BDT 2.3674 billion was distributed among Primary Dealers (PDs) and BDT 3.00 billion was devolved on Bangladesh Bank (BB) for 91-Day T-bills and BDT 2.1672 billion was distributed among the PDs and BDT 2.75 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 yields of the accepted bids was 11.35 and 11.36 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-28May12-7:40 am (BST)
