Jumbangla Desk: The auction for the sale of 10-year (re-issue) Bangladesh Government Treasury Bonds will be held next Tuesday (November 19). The Department of Communication and Publication (DCP) of Bangladesh Bank has informed this information in a circular.
It has been said that Bangladesh Bank will hold a 10-year Bangladesh Government Treasury Bond sale (re-issue) auction on Tuesday. In this auction, 10-year Treasury Bonds (ISIN number BD 0934401102) issued on April 17, 2024 at a coupon rate of 12.15 percent will be re-issued with a nominal (written) value of Tk 2,500 crore.
The bond will expire on April 17, 2034. Besides, the re-issue of treasury bonds will be based on the auction price, according to the notification.
Bangladesh Bank also said that only banks and financial institutions appointed as primary dealers of government securities can submit bids in the auction. However, other banks and financial institutions can also submit bids in the auction through primary dealers for their individual or institutional investor customers in their respective sectors.
One has to participate in the auction by mentioning the desired price and the bond purchase amount for every 100 taka worth of bonds at face (written) price. Bids must be submitted electronically through the MI module installed in Bangladesh Bank between 10:00 AM and 12:30 PM .
However, under special circumstances, bids can be submitted through manual bids in sealed covers with the permission of the concerned department.
Meanwhile, Bangladesh Bank has informed various banks and financial institutions including primary dealers through letters to participate in the auction.
