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 4.875 billion for 91-Day T-bills and 11 bids of BDT 4.50 billion for 182-Day T-bills were offered.
Of those three bids of BDT 1.21 billion for 91-Day T-bills and two bids of BDT 575 million for 182-Day T-bills were accepted.
Accordingly BDT 2.04 billion was distributed among primary dealers (PDs) and BDT 3.25 billion was devolved on Bangladesh Bank (BB) for 91-Day T-bills.
BDT 2.425 billion was distributed among the PDs and BDT 3.0 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 yield of the accepted bid was 11.40 and 11.41 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-26June12-10:43 am (BST)
