Dhaka, Bangladesh (BBN)- The repurchase agreement (REPO) auction of Bangladesh Bank for commercial banks and financial institutions was held on Sunday, officials said.
Fourteen bids of 1-day tenor amounting total of BDT 126.84 billion were received as special REPO. Of those, all bids of 1-day tenor amounting total of BDT 67.56 billion were accepted.
Moreover, 13 primary dealers (PDs) of 1-day tenor amounting total of BDT 79.0198 billion were provided as liquidity support facility.
The central bank of Bangladesh earlier selected 15 PDs -- 12 banks and three non-banking financial institutions (NBFIs) - to deal with the government-approved securities in the secondary market.
The rate of interest of special REPO was 10.75 percent but for the liquidity support facility the rate of interest was 7.75 percent, according to the auction result.
BBN/SSR/AD-28May12-7:40 am (BST)
