CBB Treasury Bills oversubscribed by 171%


Manama, September 26 (BNA): The subscription for this week’s issuance of government treasury bills, amounting to 70 million Bahraini dinars, exceeded the subscription by 171%.

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 issuance date of the bills is September 28 and the maturity date is December 28.

The weighted average interest rate was 4.33% compared to 4.08% for the previous issue on September 21.

The approximate average price of the issue was 98.917% with the lowest acceptable price of 98.8%.

This is Issue No. 1932 (BH000N204887) of Government Treasury Bills. Thus, the total outstanding value of government treasury bills amounted to 2.010 billion Bahraini dinars

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