How much LankaBangla brokerage clients will earn from primary treasury bonds

Business Desk :
LankaBangla Securities, on behalf of its brokerage clients, on Tuesday (3 October) successfully participated in the maiden primary auction of treasury bonds through beneficiary owner (BO) accounts.

The top-tier brokerage firm’s treasury trading desk secured up to over 9% yield for its clients at the primary auction of the 2-year government bonds and the value was Tk1.1 crore.
Yield is the percentage return a year investors earn against their actual cost of buying an asset.

According to LankaBangla officials, they let only institutional clients participate in the first ever bidding through BO accounts and after the successful test transaction they will offer the primary treasury auction services to all types of investors.

The successful bidder client of LankaBangla is set to receive its bond units at BO account by Thursday.

Beside leading the primary auction services, LankaBangla Securities also has been leading the secondary market services for treasury trading in stock exchanges.