The Bangladesh Bank announced the reissue of 15-year Bangladesh Treasury bonds, scheduled for Tuesday.

According to a press release issued by the Department of Communication and Publications (DCP), the reissue auction will offer Tk 2,000 crore in face value of the 15-year treasury bonds.

This bond, first issued on March 27, 2024 with a nominal rate of 12.15%, bears the international securities identification number (ISIN) BD0939371151. Its deadline is March 27, 2039.

The press release highlights that the auction will be price-based, meaning bidders must submit the desired purchase price and bond quantity.

The auction is open to all primary dealers in government securities, including banks and financial institutions, who have been designated to participate in this process.

Other banks and financial institutions may also submit offers through primary dealers on behalf of their individual or institutional investor clients.

Participants are required to submit their bids electronically through Bangladesh Bank’s MI module between 10:00 a.m. and 12:30 p.m. on the day of the auction.

In special circumstances, manual bids may be submitted in a sealed envelope, subject to approval by the relevant department.

The central bank has already issued detailed instructions regarding participation to all primary dealers, banks and financial institutions through official correspondence.

The reissuance of Treasury bills provides banks, financial institutions and investors with the opportunity to engage in long-term government securities, thereby contributing to the stability of the country’s financial markets.