Dhaka, Bangladesh (BBN)- Auction of 91-Day and 364-Day Treasury Bills (T-bills) were held on Sunday, officials said.
Total 12 bids of BDT 4.5070 billion for 91-Day T-bills and 11 bids of BDT 3.01 billion for 364-Day T-bills were offered. Of those three bids of BDT 374.80 million for 91-Day T-bills and two bids of BDT 233.20 million for 364-Day T-bills were accepted.
Accordingly, BDT 3.3452 billion was devolved on primary dealers (PDs) and BDT 2.28 billion was devolved on the central bank for 91-T-bills and BDT 2.2468 billion were devolved on PDs and BDT 1.52 billion was devolved on the Bangladesh Bank (BB) for 364-Day T-bills.
The rate of the implicit yields of the accepted bids were 11.18 percent and 11.32 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-09Apr12-10:40 am (BST)
