Govt borrows Tk 5.0 billion thru' treasury bills
Monday, 15 December 2008
FE Report
The government borrowed Tk 5.0 billion (500 crore) Sunday through auctions of treasury bills. It will result in withdrawal of Tk 5.0 billion from the market in the week.
The central bank conducted auctions of 91-day and 364-day bills on the day.
Bidders offered Tk 6.0555 billion and Tk 2.5865 billion against 91-day and 364-day bills respectively.
The central bank, however, accepted Tk 2.50 billion and Tk 640 million against 91-day and 364-day bills respectively.
Besides, Tk 2.436 billion were devolved to primary dealers against 364-day bills for liquidity support.
The ranges of the implicit yields against the accepted bills respectively were 7.89 per cent and 8.58 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 5.0 billion (500 crore) Sunday through auctions of treasury bills. It will result in withdrawal of Tk 5.0 billion from the market in the week.
The central bank conducted auctions of 91-day and 364-day bills on the day.
Bidders offered Tk 6.0555 billion and Tk 2.5865 billion against 91-day and 364-day bills respectively.
The central bank, however, accepted Tk 2.50 billion and Tk 640 million against 91-day and 364-day bills respectively.
Besides, Tk 2.436 billion were devolved to primary dealers against 364-day bills for liquidity support.
The ranges of the implicit yields against the accepted bills respectively were 7.89 per cent and 8.58 per cent per annum.
The net outflow of cash from the market is expected to increase pressure on liquidity, the fund managers said.