CBB Treasury Bills oversubscribed by 149%

Manama, May 3 (BNA): The Central Bank of Bahrain announced that the monthly issuance of government treasury bills, amounting to BD35 million, was oversubscribed by 149%.

Bills of exchange due within 182 days are issued by the Central Bank of Bahrain on behalf of Bahrain.

The billing date is May 7th and the due date is November 5th.

The weighted average interest rate is 6.10% versus 5.99 for the previous issue on March 26.

The approximate average issue price was 97.008%, and the lowest acceptable price was 96.984%.

This is Issue 1963 (ISIN BH0008G6TG03) of Government Treasury Bills. Thus, the total outstanding value of government treasury bills amounted to 2.010 billion Bahraini dinars.

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