Bank Asia Fixed Income desk is one of the most active teams in managing Government Treasury securities with precision and expertise. Our team is dedicated to sourcing a diverse range of securities at competitive yields, ensuring optimal investment opportunities for our clients. With a proven track record and a leading position in transaction volumes, we offer unparalleled access to Treasury Bills and Bonds, catering to both individual and institutional investors.
Our investment desk manages both individual and institutional funds and can invest in Government Securities issued by the Bangladesh Government. Treasury Bills and Bonds are issued by the government to borrow funds from the market, and both are risk-free investments. Treasury Bills are short-term investments, ranging from three months to one year, and Treasury Bonds are long-term investments, ranging from 2 to 20 years.
Key Features:
- Any individual or corporate body 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
- 5% tax is deducted at source while crediting the coupon/discount income to investor's account
- Broken tenor Treasury bill and bond can be served as per investors' requirement
- Investors will be able to sell bonds to Bank Asia as and when required.
- Investor needs to open Business Partner Identification (BP ID) with Bangladesh Bank and this process will be carried forward by Bank Asia on behalf of client
- It is recommended to open account with Bank Asia for faster and safer transaction.
Who can invest?
- Residents and non-residents
- Institutional investors
- Insurance Companies
- Corporates
- Provident funds
- Gratuity funds
- Pension funds
- Mutual Funds
Procedures to invest in Government Security
- A Business Partner Identification (BP ID) is required to invest in Bangladesh Govt. Treasury Bills & Bonds (BGTB).
- BPIDs can be opened for both individuals and business entities
- To open a BPID
- Download the BPID Form
- Fill up the BPID form
- Arrange for all the required documents mentioned in Document Checklist
- Submit the BPID form along with required documents to your nearest branch.
- To know about the charges involved in opening BPID and managing the portfolio with us, please click on the Schedule Of Charges below
After Opening BPID
You can choose the option to buy from primary or secondary market by filling up the Buy/Sale Form and submit the form to your branch through mail or hard copy.
Contact details
For further query regarding Treasury Bills & Bonds, reach out to us at the following email addresses-
SL |
Name |
Functional Designation |
Contact No |
Email |
1 |
Shyamal Chandra Das |
Fixed Income Dealer |
02-9515107,02-9577820, 01711296369 |
sc.das@bankasia-bd.com |
2 |
Rakibul Hasan |
Head of MM |
02-9515107,02-9577820, 017100702499 |
r.hasan@bankasia-bd.com |
For Banks/FIs/Limited Company:
- Application Form
- Bank A/C Details/DAB Account Details (for Banks/FIs)
- Certificate of Incorporation
- Certificate of Commencement (if applicable)
- License From the Respective Authority (if applicable)
- Memorandum/Articles of Association
- Board Resolution
- e-TIN
- Registered Address
- Contact Details of Relevant Personnel
For Pension/Provident/Gratuity/Mutual Fund:
- Application Form
- Bank A/C Details
- Registration/ Approval Certificate
- Deed of Trust (if applicable)
- Resolution/Meeting Minutes of Board of Trustees
- NBR’s Certificate (if applicable)
- Contact details of Authorized Signatory (including Photos of the Relevant Persons)
For Sole Proprietorship (SP)/Partnership Business:
- Application Form
- Bank A/C Details
- Trade License
- Partnership Deed (for Partnership Business)
- e-TIN
- NID of proprietor/partners
- Contact details of proprietor/partners
- Photo and Information of the Nominee(s) (for SP)
- NID/Passport of the Nominee(s) (for SP)
For Individuals:
- Application Form
- Bank A/C Details
- NID/ Passport
- Photo
- e-TIN
- Contact details
- Photo and Information of the Nominee(s)
- NID/Passport of the Nominee(s)
Foreign/Non-Resident Individuals:
- Application Form
- Bank Details for Investor’s FC/NITA account
- Passport
- Photo
- TIN/Tax Certificate/Related Certificate (if applicable)
- Contact details
- Photo of the Nominee(s)
- Passport of the Nominee(s)
Foreign/Non-Resident Institutions:
- Application Form
- Bank Details for Investor’s FC/NITA account
- Certificate of Incorporation/or Relevant Document
- Memorandum/Articles of Association (if applicable)
- Partnership Deed (for Partnership Business) (if applicable)
- Resolution/ Meeting Minutes of Board of Trustees (if applicable)
- TIN/Tax Certificate/Related Certificate (if applicable)
- Registered Address
- Contact Details of Relevant Personnel (or Custodian)
Sl
|
Type of Service |
Individual (in BDT) |
Non-individual (in BDT) |
1 |
BPID opening fee |
200.00 |
500.00 |
2 |
Primary auction fee (each successful bid) |
200.00 |
Regular account 500.00 Omnibus account 200.00 |
3 |
Secondary trading (each transaction) |
100.00 |
100.00 |
4 |
Yearly portfolio maintenance fee |
200.00 |
500.00 |
5 |
Tax certificate |
Yearly One statement- Free, for each additional statement- 200 each |
Yearly One statement- Free, for each additional statement- 500 each |