Dhaka, Bangladesh (BBN) – The repurchase agreement (REPO) auction of Bangladesh Bank for commercial banks and financial institutions was held on Sunday, officials said.
Fore bids of 1-day tenor amounting total of BDT 135.2366 billion were received but no bid was accepted, the central bank said.
Fifteen bids of 1-day and 7-day tenor amounting total of BDT 74.27 billion were received as special REPO. Of those, 14 bids of 1-day tenor amounting total of BDT 32.65 billion were accepted.
Moreover, 13 primary dealers (PDs) of 1-day tenor amounting total of BDT 50.2576 billion were provided as liquidity support facility.
The central bank earlier selected 15 PDs — 12 commercial banks and three non-banking financial institutions (NBFIs) — to deal with government securities in the secondary market.
The rate of interest of liquidity support facility was 7.25 percent per annum but for the special REPO the rate of interest was 9.25 percent, according to the auction result.
BBN/SSR/AD-18Dec11-11:55 pm (BST)