CBB treasury bills oversubscribed by 141%

Manama, March 20 (BNA): Government treasury bills, amounting to 70 million Bahraini dinars, were oversubscribed by 141%.

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

The date of issuance of the bills of exchange is March 22nd and the maturity date is June 21st.

The weighted average interest rate was 5.75% vs. 5.78% in the previous issue dated March 8th.

The approximate average issue price was 98.567% with the lowest acceptable price being 98.555%.

This is the 1956 issue number (ISIN BH00015516R2) of Government Treasury Bills, bringing the total outstanding value of Government Treasury Bills to BD 2.010 billion.

Rial