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Dhaka Tribune

DSE fails to debut T-bond trading, again

DSE was supposed to begin the trading in the T-bonds on Sunday (September 4), while the first tentative date was August 16

Update : 04 Sep 2022, 06:15 PM

Trading debut for treasury bonds (T-bonds) on the Dhaka Stock Exchange (DSE) deferred again, as stakeholders were yet to complete their preparations.

The Bangladesh Securities and Exchange Commission (BSEC) had twice set the date for commencing the trading in T-bonds, but the DSE missed both the dates.

As per the latest deadline set by the securities regulator, the DSE was supposed to begin the trading in the T-bonds on Sunday (September 4), while the first tentative date was August 16.

All the information about T-bonds is preserved in the Bangladesh Bank, but it is yet to complete all the preparations for the start of the T-bond trading, said a senior official of DSE.

He also said the BSEC was likely to fix a new date soon for its trading debut.

Earlier, the DSE officials said they were facing some complexities and if those could be sorted out, trading in T-bonds could begin on August 16.

But the DSE failed to commence trading in the T-bonds on that date as the complexities could not be resolved within the stipulated time frame.

Stakeholders such as Bangladesh Bank (BB), the securities regulator, both the bourses and the depository authority, CDBL, signed a memorandum of understanding (MoU) on June 12 last to make the debut trading for the T-bonds on the secondary market.

After the debut trading, general investors can buy and sell T-bonds through their BO (beneficiary owner's) accounts.

Presently, a total of 222 treasury bonds are listed on the bourses, but general investors cannot trade these bonds as the bourses have no access to the MI (market infrastructure) module introduced by the central bank for the transaction of the T-bonds.

To facilitate the trading of the T-bond, the central bank's MI module has recently been integrated with the trading software of both the stock exchanges.

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