The government borrowed BDT 12 billion from the market issuing its treasury bills (T-bills) on Sunday to finance budget deficit partly, officials said.

Total 34 bids of BDT 14.1663 billion for 91-Day T-bills and 46 bids of BDT 16.1565 billion for 364-Day T-bills were offered. Of those, five bids of BDT 7.0 billion for 91-Day T-bills and 20 bids of BDT 5.0 billion for 364-Day T-bills were accepted.

The range of the implicit yield of the accepted bid was 7.24-7.30 per cent and 7.92-8.07 per cent respectively, according to the auction result.