Govt borrows Tk 2.5b thru' treasury bills
Monday, 30 March 2009
FE Report
The government borrowed Tk 2.5 billion (250 crore) Sunday through auctions of treasury bills. It will result in withdrawal of Tk 2.5 billion from the market in the week.
The central bank conducted auctions of 182-day bills on the day.
Bidders offered bids for Tk 3.1445 billion against the bills.
The central bank, however, accepted Tk 2.5 billion, including Tk 1.0205 billion devolved to primary dealers, against 182-day bills.
The rate of the implicit yield against the accepted bills was 8.16 per cent per annum.
The outflow of cash from the market is expected to increase pressure on liquidity, the fund managers said.
The government borrowed Tk 2.5 billion (250 crore) Sunday through auctions of treasury bills. It will result in withdrawal of Tk 2.5 billion from the market in the week.
The central bank conducted auctions of 182-day bills on the day.
Bidders offered bids for Tk 3.1445 billion against the bills.
The central bank, however, accepted Tk 2.5 billion, including Tk 1.0205 billion devolved to primary dealers, against 182-day bills.
The rate of the implicit yield against the accepted bills was 8.16 per cent per annum.
The outflow of cash from the market is expected to increase pressure on liquidity, the fund managers said.