Dhaka, Bangladesh (BBN)- Auction of 91-Day and 364-Day Treasury Bills (T-bills) was held on Sunday, officials said.
Total 10 bids of BDT 3.3750 billion for 91-Day T-bills and 10 bids of BDT 2.0625 billion for 364-Day T-bills were offered.
Of those three bids of BDT 777 million for 91-Day T-bills and three bids of BDT 471.50 million for 364-Day T-bills were accepted.
BDT 3.7230 billion and BDT 2.2785 billion were devolved on primary dealers (PDs) for 91-Day and 364-Day T-bills respectively.
The rate of the implicit yields of the accepted bids were 11.0000 percent and 11.2500 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.
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-19Mar12-9:05 am (BST)
