Bangladesh Bank issues less fixed income securities in Q1
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Dhaka, Nov. 21 -- Bangladesh Bank, on behalf of the government, issued lower amount of tradable fixed income securities in the first quarter of the current fiscal year (FY21) when compared with the same period of the past fiscal year.
Sluggish economic activities due to Covid-19 compelled the government to borrow more from the banking system although lower government development spending kept the lending at modest level.
Thus the central bank issued fixed income securities worth Tk 571.0 billion in July-September period of the current fiscal year while the value of primary issuance of total fixed income government securities was Tk 682.0 billion in the same period of FY20.
Thus primary issuance of these fixed income securities declined...
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