Govt borrows Tk 8.0b thru' T-bills
Monday, 30 July 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 364-day bills on the day.
Bidders offered Tk 12.63 billion, Tk 2.25 billion and Tk 1.37 billion against the 28-day, 91-day and 364-day bills respectively.
The central bank, however, accepted Tk 5.00 billion, Tk 240 million and Tk 250 million against the 28-day, 91-day and 364-day bills respectively.
Besides, Tk 1.76 billion and Tk 750 million were devolved to Bangladesh Bank against 91-day and 364-day bills respectively.
The ranges of the implicit yields against the accepted bills were 7.32-7.33 per cent, 7.61-7.62 per cent and 8.48 per cent respectively 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 364-day bills on the day.
Bidders offered Tk 12.63 billion, Tk 2.25 billion and Tk 1.37 billion against the 28-day, 91-day and 364-day bills respectively.
The central bank, however, accepted Tk 5.00 billion, Tk 240 million and Tk 250 million against the 28-day, 91-day and 364-day bills respectively.
Besides, Tk 1.76 billion and Tk 750 million were devolved to Bangladesh Bank against 91-day and 364-day bills respectively.
The ranges of the implicit yields against the accepted bills were 7.32-7.33 per cent, 7.61-7.62 per cent and 8.48 per cent respectively per annum.
The net outflow of cash from the market is expected to increase pressure on liquidity, the fund managers said.