Govt borrows Tk 8.00 billion thru' treasury bills
Monday, 12 November 2007
FE Report
The government borrowed Tk 8.00 billion (800 crore) Sunday through auctions of treasury bills. It will result in withdrawal of Tk 8.00 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 8.20 billion, Tk 2.376 billion and Tk 1.79 billion against 28-day, 91-day and 182-day bills respectively.
The central bank, however, accepted Tk 5.00 billion, Tk 850 million and Tk 1.00 billion against the 28-day, 91-day and 182-day bills respectively.
Besides, Tk 1.16 billion was devolved to Primary Dealers for 91-day bills.
The ranges of the implicit yields against the accepted bills respectively were 7.26-7.30 per cent, 7.63 per cent and 7.89-7.92 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 8.00 billion (800 crore) Sunday through auctions of treasury bills. It will result in withdrawal of Tk 8.00 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 8.20 billion, Tk 2.376 billion and Tk 1.79 billion against 28-day, 91-day and 182-day bills respectively.
The central bank, however, accepted Tk 5.00 billion, Tk 850 million and Tk 1.00 billion against the 28-day, 91-day and 182-day bills respectively.
Besides, Tk 1.16 billion was devolved to Primary Dealers for 91-day bills.
The ranges of the implicit yields against the accepted bills respectively were 7.26-7.30 per cent, 7.63 per cent and 7.89-7.92 per cent per annum.
The net outflow of cash from the market is expected to increase pressure on liquidity, the fund managers said.