Bangladesh Bank has issued an auction notice for the sale of ten-year Bangladesh Government Treasury Bonds. This auction will be held next Monday (August 14) at Bangladesh Bank.
In this auction, 10-year bonds with a face value of Tk 3,000 crore will be issued. For 10-year bonds, the coupon or profit will be paid semiannually at the annual cut-off-yield rate. Only banks and financial institutions appointed as primary dealers in government securities can submit bids in the auction.
According to Bangladesh Bank, other banks and financial institutions (in their own sector or for their individual/institutional investor customers) can also submit bids in the auction through primary dealers. For the purchase of bonds worth 100 taka at face value, bids must be submitted electronically through the MI module installed in Bangladesh Bank between 10 am and 12 pm on the auction date, specifying the desired bond purchase amount.
However, if required under special circumstances, bids may be submitted through the manual procedure followed earlier subject to prior approval of the department concerned. Detailed procedural instructions for participating in the auction have already been communicated to various banks and financial institutions including primary dealers.
EAR/KSR/GKS
You can also write on JagoNews24.com, a popular online news portal. Writing topics feature, travel, lifestyle, career, IT, agriculture and nature. Submit your essay today [email protected] at the address
