Dhaka, Bangladesh (BBN) - The repurchase agreement (REPO) auction of Bangladesh Bank for commercial banks and financial institutions was held on Sunday, officials said.
Five bids of 1-day tenor amounting total of BDT171.5492 billion were received but no bid was accepted, a central bank statement said.
However, ten bids of 7-day tenor amounting total of BDT 43.91 billion were received as special REPO.
Off those, 7-day tenor amounting total of BDT 6.00 billion were accepted.
Moreover, 13 primary dealers (PDs) of 1-day tenor amounting total of BDT 45.8159 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 9.30 percent, according the statement.
BBN/SSR/AD-12Dec11-1:51 am (BST)