Dhaka, Bangladesh (BBN) - Auction of 91-Day and 364-Day Treasury Bills (T-bills) was held on Thursday, officials said.
Total 13 bids of BDT 4.41 billion for 91-Day T-bills and 18 bids of BDT 2.45 billion for 364-Day T-bills were offered. Of those, 13 bids of BDT 4.41 billion for 91-Day T-bills and 18 bids of BDT 2.45 billion for 364-Day T-bills were accepted, according to the auction result.
BDT 90 million and BDT 50 million was distributed among primary dealers (PDs) for 91-Day T-bills 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 handle government-approved securities in the secondary market.
“The range of the implicit yields of the accepted bids were 9.99-10.00 percent and 10.49-10.50 percent per annum respectively,” the central bank said.
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-23Dec11-10:27 am (BST)