Dhaka, Bangladesh (BBN) - Auction of 91-Day and 364-Day Treasury bills (T-bills) was held on Sunday, officials said.
Total 11 bids of BDT 4.8750 billion for 91-Day T-bills and 12 bids of BDT 3.4050 billion for 364-Day T-bills were offered.
Of those two bids of BDT 625 million for 91-Day T-bills and three bids of BDT 460 million for 364-Day T-bills were accepted.
Accordingly, BDT 2.6250 billion was distributed among primary dealers (PDs) and BDT 3.25 billion was devolved on Bangladesh Bank for 91-Day T-bills. BDT 1.79 billion was distributed among on the PDs and BDT 2.25 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 yields of the accepted bid was 11.38 percent and 11.43 percent per annum 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-18June12-9:56 am (BST)
