Dhaka, Bangladesh (BBN) - The repurchase agreement (REPO) auction of Bangladesh Bank for commercial banks and financial institutions was held on Thursday, officials said.
Four bids of 3-day tenor amounting total of BDT 132.7719 billion were received but no bid was accepted, according to the auction result.
Fourteen bids of 3-day and 7-day tenor amounting total of BDT 64.42 billion were received as special REPO. Of those, 13 bids of 3-day tenor amounting total of BDT 27.50 billion were accepted.
Moreover, 13 primary dealers (PDs) of 3-day tenor amounting total of BDT 52.0323 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 handle government-approved 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 per annum,” a central bank statement said.
BBN/SSR/AD-16Dec11-12:30 am (BST)