Dhaka, Bangladesh (BBN) - Auction of Five-Year Bangladesh Government Treasury Bond (BGTB) was held on Tuesday, officials said.
Thirteen bids amounting total of BDT 4.125 billion were offered against pre-targeted amount of BDT 5.50 billion. Off those, 10 bids amounting total of BDT 2.805 billion were accepted and BDT 2.695 billion was devolved on primary dealers (PDs).
The coupon rate of the accepted bids was 11.2500 percent, according to the auction result.
Currently, four government bonds - five-year, 10-year, 15-year and 20-year -are being traded in the markets.
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.
The PDs will subscribe and underwrite primary issues and make secondary trading deals with two-way price quotations.
BBN/SSR/SI-08Feb12-9:50 am (BST)
