Govt borrows Tk 9.0b thru' treasury bills
Tuesday, 18 September 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 and 91-day, 182-day and 364-day bills on the day.
Bidders offered Tk 8.85 billion, Tk 2.56 billion, Tk 1.184 billion and Tk 2.68 billion against the 28-day and 91-day, 182-day and 364-day bills respectively.
The central bank, however, accepted Tk 4.45 billion, Tk 550 million, 274 million and Tk 1.00 billion against the 28-day, 91-day, 182-day and 364-day bills respectively.
Besides, Tk 550 million, Tk 1.45 billion and Tk 726 million were devolved to Primary Dealers for 28-day, 91-day and 182-day bills respectively.
The ranges of the implicit yields against the accepted bills respectively were 7.26-7.30 per cent, 7.62 per cent, 7.88-7.90 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 and 91-day, 182-day and 364-day bills on the day.
Bidders offered Tk 8.85 billion, Tk 2.56 billion, Tk 1.184 billion and Tk 2.68 billion against the 28-day and 91-day, 182-day and 364-day bills respectively.
The central bank, however, accepted Tk 4.45 billion, Tk 550 million, 274 million and Tk 1.00 billion against the 28-day, 91-day, 182-day and 364-day bills respectively.
Besides, Tk 550 million, Tk 1.45 billion and Tk 726 million were devolved to Primary Dealers for 28-day, 91-day and 182-day bills respectively.
The ranges of the implicit yields against the accepted bills respectively were 7.26-7.30 per cent, 7.62 per cent, 7.88-7.90 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.