Prime Bank transacts govt bond with Delta Life Ins
Prime Bank Limited in its capacity as a primary dealer (PD) has concluded the first-ever secondary market transaction in government treasury bond with Delta Life Insurance Company Limited.Prime Bank Limited sold to Delta Life bonds of 5-year tenor having face value of Tk 10 crore, says a press release. Managing Director of the bank Shah Md Nurul Alam said the bank so far carried out transactions having cumulative value of more than Tk 3,000 crore in the form of Repo/Reverse Repo and Buy-Sell of treasury bills and bonds after the market had been activated in mid-2003.
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