Dhaka, Bangladesh (BBN) – The REPO auction of Bangladesh Bank for commercial banks and financial institutions was held on Wednesday, officials said.

Thirteen bids of 1-day tenor amounting total of BDT 344.0937 billion were received. Of those, all bids amounting total of BDT 4.0259 billion were accepted.

Seven bids of 7-day tenor amounting total of BDT 25.33 billion were received as special REPO. Of those, all bid of 7-day tenor amounting to BDT 4.50 billion was accepted.

Moreover, 13 primary dealers of 1-day tenor amounting total of BDT 47.9505 billion were provided as Liquidity Support Facility. The rate of interest both of REPO and Liquidity Support Facility was 7.25 percent but for the special REPO the rate of interest was 9.30 percent.

BBN/SSR/AD-20Oct11-9:59 am (BST)