Top Bangladesh Securities Dealers Get Higher Commission

July 21, 2008 12:08 p.m. EST

Dhaka, Bangladesh (AHN) - Bangladesh government has decided to offer a higher underwriting commission for its securities for top three primary dealers aiming to bring dynamism in the secondary securities market, officials said Monday.

The government took the move to increase competition among primary dealers.

The central bank of Bangladesh will select top three dealers considering their performance on participation in the primary auction and secondary transactions of government-approved securities, according to the officials.

Earlier, the central bank selected nine primary dealers - eight banks and a non-banking financial institution - to handle government-approved securities.