Dhaka, Bangladesh (BBN) – The repurchase agreement (REPO) auction of Bangladesh Bank for commercial banks and financial institutions was held on Monday, officials said.
Five bids of 1-day tenor amounting total of BDT 170.0992 billion were received but no bid was accepted, the central bank said.
Twelve bids of 1-day and 7-day tenor amounting total of BDT 42.77 billion were received as special REPO. Of those, 2 bids of 1-day tenor amounting total of BDT 1.50 billion were accepted, according to the auction result.
Moreover, 13 primary dealers (PDs) of 1-day tenor amounting total of BDT 48.8518 billion were provided as liquidity support facility.
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.
The rate of interest of liquidity support facility was 7.25 percent but for the special REPO the rate of interest was 9.25 percent, it added.
BBN/SSR/AD-13Dec11-10:49 am (BST)
