Dhaka, Bangladesh (BBN) – Auction of 91-Day and 364-Day Treasury Bills (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 3.0040 billion for 364-Day T-bills were offered. Of those, three bids of BDT 445 million for 91-Day T-bills and two bids of BDT 234 million for 364-Day T-bills were accepted.
Accordingly BDT 3.2750 billion was devolved on primary dealers (PDs) and BDT 2.28 billion was devolved on Bangladesh Bank for 91-Day T-bills and BDT 2.2460 billion was devolved on PDs and BDT 1.52 billion was devolved on the central bank for 364-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 bids were 11.25 percent and 11.34 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/SI/AD-22Apr12-11:40 pm (BST)