GOVERNMENT SECURITIES
GOVERNMENT SECURITIES INVESTMENT WINDOW
BRAC Bank Fixed Income desk is one of the most active teams in managing Government Treasury securities in the market, with the ability to source well diversified range of securities at competitive yield. We possess the first rank in terms of volume of transaction in Government Treasury Bill and Bonds in secondary market.
Through our investment window, clients (both individual and institutional) can invest in Treasury Securities issued by Bangladesh Government. The government issues Treasury Bills and Bonds to borrow fund from the market. Treasury Bills are short term starting from three months to one year and issued at discount. Treasury Bonds are coupon bearing long term investment instruments starting from 2 years to 20 years. Government issues these bills and bonds through central bank.
Key Features:
- Any individual or corporate can invest in these instruments
- Minimum denomination of investment is BDT 1.00 lac. There is no upper ceiling of investment amount
- Return is risk free as issuer is the government
- In case of Treasury Bill, investors will receive discount income at maturity of the bill
- Investor will receive fixed semiannual coupon amount , in case of Treasury Bond for the remaining term of the bond
- 10% tax is deducted at source while crediting the coupon/discount income to investor's account
- Apart from the regular tenors, broken tenor bill and bond can be served as per investors' requirement
- Investors will be able to sell bonds to BRAC Bank as and when required
- Investor needs to open Business Partner Identification (BP ID) with Bangladesh Bank and this process will be carried forward by BRAC Bank on behalf of client
- To ensure faster and safer transactions, it is recommended to open account with BRAC Bank.
Who can invest?
- Residents and non-residents
- Institutional investors
- Insurance Companies
- Corporates
- Provident funds
- Pension funds
- Mutual Funds
Instructions:
- In order to invest in Bangladesh Govt. Treasury Bills & Bonds (BGTB), a Business Partner Identification (BP ID) must be opened.
- BPIDs can be opened for both individuals and business entities.
- To open a BPID:
- Download the BPID form and print the form on a single page
*Please note that, the printed BPID form must be a 01 page form, otherwise the application to open a BPID will be declined.
For an Individual Client, download form listed under Individual client.
For a Business Entity/Provident Fund/Gratuity Find, download form listed under Corporate client. - Fill up the BPID form
- Sign the Schedule of Charges Acceptance
- Arrange for all the required documents mentioned in Document checklist
- Email the scanned copy of filled up BPID form, schedule of charges acceptance & required documents to gsecclientele.window@bracbank.com
- Upon getting a positive response from us in email, please submit all the hardcopies to your nearest branch or send the hardcopies directly to Dealing Room, Level 11, Anik Tower, 220/B, Tejgoan I/A, Dhaka 1208, Bangladesh
- To know more about investment in BGTB, please click on the BGTB manual below.
- To know about the charges involved in opening BPID with us, please click on the schedule of charges below.
After Opening BPID:
You can choose to invest in primary auctions by filling up the “Approach Letter” given below. Send us the softcopy of the letter at gsecclientele.window@bracbank.com and send hardcopy to Dealing Room, Level 11, Anik Tower, 220/B, Tejgaon I/A, Dhaka 1208, Bangladesh
Contact details:
For further query regarding Treasury Bills & Bonds, reach out to us at the following email addresses-
gsecclientele.window@bracbank.com