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 187.5687 billion were received but no bid was accepted, according to the auction result.
Nine bids of 3-day and 7-day tenor amounting total of BDT 41.92 billion were received as special REPO. Of those, two bids of 3-day tenor amounting total of BDT 3.00 billion were accepted.
Moreover, 13 primary dealers (PDs) of 3-day tenor amounting total of BDT 49.1634 billion were provided as liquidity support facility.
“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 per annum,” it added.
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.
BBN/SSR/AD-09Dec11-12:43 am (BST)