CBB Treasury Bills oversubscribed 172%

Manama, April 3 /BNA/: This week’s issuance of government treasury bills, amounting to BD70 million, was oversubscribed by 172%.

Bills maturing within 91 days are issued by the Central Bank of Bahrain on behalf of the Government of Bahrain.

The bond issue date is April 5th and the maturity date is July 5th.

The weighted average interest rate was 5.83% versus 5.82% for the previous issue on March 29.

The approximate average issue price was 98.547% with the lowest acceptable price being 98.531%.

This is Issue Number 1959 (ISIN BH0002I19611) of Government Treasury Bills. Thus, the total outstanding value of government treasury bills amounted to 2.010 billion Bahraini dinars.

FKN