Govt borrows Tk 5.0b thru' T-bills
Monday, 22 September 2008
FE Report
The government borrowed Tk 5.00 billion (500 crore) Sunday through auctions of treasury bills. It will result in withdrawal of Tk 5.00 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 2.503 billion and Tk 2.63 billion against 91-day and 364-day bills respectively.
The central bank, however, accepted Tk 903 million and Tk 1.03 billion against 91-day and 364-day bills respectively.
Besides, Tk 1.597 billion and Tk 1.47 billion were devolved to Primary Dealers respectively against 91-day bills and 364-day bills.
The ranges of the implicit yields against the accepted bills respectively were 7.81-7.85 per cent and 8.51-8.55 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 5.00 billion (500 crore) Sunday through auctions of treasury bills. It will result in withdrawal of Tk 5.00 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 2.503 billion and Tk 2.63 billion against 91-day and 364-day bills respectively.
The central bank, however, accepted Tk 903 million and Tk 1.03 billion against 91-day and 364-day bills respectively.
Besides, Tk 1.597 billion and Tk 1.47 billion were devolved to Primary Dealers respectively against 91-day bills and 364-day bills.
The ranges of the implicit yields against the accepted bills respectively were 7.81-7.85 per cent and 8.51-8.55 per cent per annum.
The net outflow of cash from the market is expected to increase pressure on liquidity, the fund managers said.