Govt borrows Tk 7.50 billion thru' treasury bills

FE Report

The government borrowed Tk 7.50 billion (750 crore) Sunday through auctions of treasury bills. It will result in withdrawal of Tk 7.50 billion from the market in the week.

The central bank conducted auctions of 91-day and 182-day bills on the day.

Bidders offered Tk 5.115 billion and Tk 2.7225 billion against 91-day and 182-day bills respectively.

The central bank, however, accepted Tk 80 million and Tk 20 million against 91-day and 182-day bills respectively.

Besides, Tk 4.92 billion and Tk 2.48 billion were devolved to primary dealers against 91-day and 182-day bills respectively.

The ranges of the implicit yields against the accepted bills respectively were 7.92 per cent and 8.16 per cent per annum.

The net outflow of cash from the market is expected to increase pressure on liquidity, the fund managers said.