Govt borrows Tk 4.0 billion thru' treasury bills
Monday, 12 May 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 4.00 billion from the market in the week.
The central bank conducted auctions of 28-day, 91-day and 182-day bills on the day.
Bidders offered Tk 5.04 billion, Tk 2.50 billion and Tk 2.05 billion against 28-day, 91-day and 182-day bills respectively.
The central bank, however, accepted Tk 50 million and Tk 530 million against the 28-day and 182-day bills respectively.
Besides, Tk 2.45 billion and Tk 970 million were devolved to Primary Dealers for 91-day and 182-day bills respectively.
The ranges of the implicit yields against the accepted bills respectively were 7.72 per cent and 7.96 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 4.00 billion from the market in the week.
The central bank conducted auctions of 28-day, 91-day and 182-day bills on the day.
Bidders offered Tk 5.04 billion, Tk 2.50 billion and Tk 2.05 billion against 28-day, 91-day and 182-day bills respectively.
The central bank, however, accepted Tk 50 million and Tk 530 million against the 28-day and 182-day bills respectively.
Besides, Tk 2.45 billion and Tk 970 million were devolved to Primary Dealers for 91-day and 182-day bills respectively.
The ranges of the implicit yields against the accepted bills respectively were 7.72 per cent and 7.96 per cent per annum.
The net outflow of cash from the market is expected to increase pressure on liquidity, the fund managers said.