Controversy over latest T-bond sales - Bankers claim BB did not follow rules but central bank says PD banks tried to manipulate yields

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The Bangladesh Bank did not follow its own rules in distributing unsubscribed government securities among primary dealer and non-primary dealer banks in one of its recent auctions this month, bankers alleged.
Although BB is supposed to distribute treasury bills and bonds which remain unsubscribed in the auction where only PD banks can take part, among PD and non-PD banks at a ratio of 60:40, the central bank devolved all the unsubscribed T-bonds to PD banks in the March 12 auction.