Dhaka, Bangladesh (BBN) - Auction of 91-Day and 364-Day Treasury Bills (T-bills) was held on Sunday, officials said.
Total nine bids of BDT 3.375 billion for 91-Day T-bills and 10 bids of BDT 1.875 billion for 364-Day T-bills were offered. Of those, one bid of BDT 405 million for 91-Day T-bills and two bids of BDT 248 million for 364-Day T-bills were accepted.
BDT 4.095 billion and BDT 2.252 billion were devolved on primary dealers (PDs) for 91-Day T-bills and 364-Day T-bills respectively.
The rate of the implicit yields of the accepted bids were 11.0002 percent and 11.2501 percent per 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.
The central bank of Bangladesh earlier selected 15 PDs -- 12 commercial banks and three non-banking financial institutions (NBFIs) -- to deal with government securities in the secondary market
BBN/SSR/AD-19Feb12-7:00 pm (BST)
