Govt borrows Tk 4.0 billion thru' T-bills
Monday, 22 December 2008
FE Report
The government borrowed Tk 4.0 billion (400 crore) Sunday through auctions of treasury bills. It will result in withdrawal of Tk 4.0 billion from the market in the week.
The central bank conducted auctions of 91-day and 182-day bills on the day.
Bidders offered Tk 2.6825 billion and Tk 1.5025 billion against 91-day and 182-day bills respectively.
The central bank, however, accepted Tk 160 million and Tk 60 million against 91-day and 182-day bills respectively.
Besides, Tk 2.34 billion and Tk 1.494 billion devolved to primary dealers against 91-day and 182-day bills for liquidity support.
The ranges of the implicit yields against the accepted bills respectively were 7.92 per cent and 8.16 per cent per annum.
The net outflow of cash from the market is expected to increase pressure on liquidity, the fund managers said.
The government borrowed Tk 4.0 billion (400 crore) Sunday through auctions of treasury bills. It will result in withdrawal of Tk 4.0 billion from the market in the week.
The central bank conducted auctions of 91-day and 182-day bills on the day.
Bidders offered Tk 2.6825 billion and Tk 1.5025 billion against 91-day and 182-day bills respectively.
The central bank, however, accepted Tk 160 million and Tk 60 million against 91-day and 182-day bills respectively.
Besides, Tk 2.34 billion and Tk 1.494 billion devolved to primary dealers against 91-day and 182-day bills for liquidity support.
The ranges of the implicit yields against the accepted bills respectively were 7.92 per cent and 8.16 per cent per annum.
The net outflow of cash from the market is expected to increase pressure on liquidity, the fund managers said.