Govt borrows Tk 9.00b thru' treasury bills
Monday, 29 October 2007
FE Report
The government borrowed Tk 9.00 billion (900 crore) Sunday through auctions of treasury bills. It will result in withdrawal of Tk 9.00 billion from the market in the week.
The central bank conducted auctions of 28-day, 91-day, 182-day and 364-day bills on the day.
Bidders offered Tk 12.30 billion, Tk 2.56 billion, Tk 1.055 billion and Tk 1.662 billion against 28-day, 91-day, 182-day and 364-day bills respectively.
The central bank, however, accepted Tk 5.00 billion, Tk 550 million, Tk 145 million and Tk 632 million against the 28-day, 91-day, 182-day and 364-day bills respectively.
Besides, Tk 1.45 billion, Tk 855 million and Tk 368 million were devolved to Primary Dealers for 91-day, 182-day and 364 day bills respectively.
The ranges of the implicit yields against the accepted bills respectively were 7.28-7.31 per cent, 7.63 per cent, 7.88-7.92 per cent and 8.48 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 9.00 billion (900 crore) Sunday through auctions of treasury bills. It will result in withdrawal of Tk 9.00 billion from the market in the week.
The central bank conducted auctions of 28-day, 91-day, 182-day and 364-day bills on the day.
Bidders offered Tk 12.30 billion, Tk 2.56 billion, Tk 1.055 billion and Tk 1.662 billion against 28-day, 91-day, 182-day and 364-day bills respectively.
The central bank, however, accepted Tk 5.00 billion, Tk 550 million, Tk 145 million and Tk 632 million against the 28-day, 91-day, 182-day and 364-day bills respectively.
Besides, Tk 1.45 billion, Tk 855 million and Tk 368 million were devolved to Primary Dealers for 91-day, 182-day and 364 day bills respectively.
The ranges of the implicit yields against the accepted bills respectively were 7.28-7.31 per cent, 7.63 per cent, 7.88-7.92 per cent and 8.48 per cent per annum.
The net outflow of cash from the market is expected to increase pressure on liquidity, the fund managers said.