Manama, December 15 /BNA/: This week’s issuance of government treasury bills amounting to BD 70 million was oversubscribed by 144%.
Bills of exchange due within 91 days are issued by the Central Bank of Bahrain on behalf of the Government of Bahrain.
The bond issue date is December 21st and the maturity date is March 22nd.
The weighted average interest rate was 5.63% compared to 5.60% for the previous issue on December 7.
The approximate average issue price was 98.598% with the lowest acceptable price being 98.580%.
This is the 1943 issue of government treasury bills. Thus, the total outstanding value of government treasury bills amounted to 2.010 billion Bahraini dinars.
SM