Dhaka, Bangladesh (BBN) – The repurchase agreement (REPO) auction of Bangladesh Bank for commercial banks and financial institutions was held on Thursday, officials said.
Five bids of 3-day tenor amounting total of BDT 15.61 billion were received as special REPO. Of those, all bids of 3-day tenor amounting total of BDT 6.86 billion were accepted.
Moreover, 13 primary dealers (PDs) of 3-day tenor amounting total of BDT 53.4867 billion were provided as liquidity support facility, the auction result said.
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 but for the special REPO the rate of interest was 10.30 percent, it added.
BBN/SSR/AD-30Dec11-1:52 am (BST)