T-bill auction resumes
Monday, 11 October 2010
FE Report
Auction of treasury bills (T-bills) resumed in October that may continue in the rest of months of the current fiscal year after suspension of two months, officials said.
"We've resumed the auction of T-bills this month in line with the Cash and Debt Management Technical Committee's (CDMTC) decision," a senior official of the Bangladesh Bank (BB) told the FE Saturday.
He also said the central bank has already issued a circular in this connection and asked all banks and non-banking financial institutions (NBFIs) for participation in the auctions.
The government is set to borrow Tk 21.50 billion in this month through issuing T-bills, according to the auction calendar.
"The auction of T-bills may continue in the coming months of this fiscal considering cash balance of the government accounts," another BB official said without elaborating.
The auction of T-bills was not held in August while the auctions of government bonds were conducted, the central bank officials added.
They also said the government did not need to borrow through issuing the short-term securities in September as its fund position was at satisfactory level.
The surplus balance in government account stood at Tk 17.15 billion as of August 3 this year, the BB officials said.
Auction of treasury bills (T-bills) resumed in October that may continue in the rest of months of the current fiscal year after suspension of two months, officials said.
"We've resumed the auction of T-bills this month in line with the Cash and Debt Management Technical Committee's (CDMTC) decision," a senior official of the Bangladesh Bank (BB) told the FE Saturday.
He also said the central bank has already issued a circular in this connection and asked all banks and non-banking financial institutions (NBFIs) for participation in the auctions.
The government is set to borrow Tk 21.50 billion in this month through issuing T-bills, according to the auction calendar.
"The auction of T-bills may continue in the coming months of this fiscal considering cash balance of the government accounts," another BB official said without elaborating.
The auction of T-bills was not held in August while the auctions of government bonds were conducted, the central bank officials added.
They also said the government did not need to borrow through issuing the short-term securities in September as its fund position was at satisfactory level.
The surplus balance in government account stood at Tk 17.15 billion as of August 3 this year, the BB officials said.