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 5.20 billion for 91-Day T-bills and 10 bids of BDT 3.5570 billion for 364-Day T-bills were offered. Of those two bids of BDT 1.28 billion for 91-Day T-bills and two bids of BDT 242 million for 364-Day T-bills were accepted.
Accordingly, BDT 3.72 billion and BDT 3.7580 billion was distributed among primary dealers (PDs) for 91-Day and 364-Day T-bills respectively.
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 11.25 percent and 11.35 percent per annum respectively.
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-30July12-10:16 am (BST)
