Dhaka, Bangladesh (BBN) - The repurchase agreement (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 61.23 billion were received as special REPO. Of those, all bids of 1-day tenor amounting total of BDT 31.15 billion were accepted, according to the auction result.
Moreover, 13 primary dealers (PDs) of 1-day tenor amounting total of BDT 53.4745 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 but for the special REPO the rate of interest was 10.25 percent, it added.
BBN/SSR/AD-29Dec11-1:37 am (BST)