Dhaka, Bangladesh (BBN) – The repurchase agreement (REPO) auction of Bangladesh Bank for commercial banks and financial institutions was held on Thursday, officials said.
Six bids of 3-day tenor amounting total of BDT 180.0027 billion were received but no bid was accepted, according to the auction result.
Four bids of 7-day tenor amounting total of BDT 12.52 billion were received as special REPO. Off those, all bids of 7-day tenor amounting total of BDT 4.0 billion were accepted.
Moreover, 13 primary dealers (PDs) of 3-day tenor amounting total of BDT 49.0478 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 in government 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.
BBN/SSR/AD-02Dec11-12:22 am (BST)