Dhaka, Bangladesh (BBN) – Auction of 91-Day and 364-Day Treasury Bills (T-bills) was held on Sunday, officials said.
A total of 14 bids amounting to BDT 5.428 billion for 91-Day T-bills and 15 bids of BDT 2.45 billion for 364-Day T-bills were offered.
Of those, 14 bids of BDT 4.50 billion for 91-Day T-bills and 15 bids of BDT 2.45 billion for 364-Day T-bills were accepted, according to the auction result.
“BDT 50 million was devolved on primary dealers (PDs) for 364-Day T-bills,” it said, adding that the range of the implicit yields of the accepted bids were 8.99-9.00 percent and 9.49-9.50 percent 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.
On the other hand, four government bonds — five-year, 10-year, 15-year and 20-year — are being traded on the market.
The central bank of Bangladesh earlier selected 15 PDs — 12 commercial banks and three non-banking financial institutions (NBFIs) — to handle government-approved securities in the secondary market.
BBN/SSR/AD-12Dec11-1:43 am (BST)