Dhaka, Bangladesh (BBN)- The repurchase agreement (REPO) auction of Bangladesh Bank for commercial banks and financial institutions was held on Tuesday, officials said.
Fourteen bids of 1-day tenor amounting total of BDT 116.51 billion were received as special REPO. Of those, all bids of 1-day tenor amounting total of BDT 65.58 billion were accepted.
Moreover, 13 primary dealers (PDs) of 1-day tenor amounting total of BDT 63.3667 billion were provided as liquidity support facility, according to the auction result.
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.
BBN/SSR/AD-02Aug12-4:40 am (BST)
