CBB Treasury Bills oversubscribed by 173%

Manama, May 22 (BNA): This week’s issuance of government treasury bills, amounting to BD 70 million, was oversubscribed by 173%.

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

The date of issuance of the bills of exchange is May 24th and the maturity date is August 23rd.

The weighted average interest rate was 6.21% compared to 6.17% for the previous issue on May 10.

The approximate average issue price was 98.454% with the lowest acceptable price being 98.432%.

This is Issue Number 1965 (ISIN BH000Q586678) of Government Treasury Bills. Thus, the total outstanding value of government treasury bills amounted to 2.010 billion Bahraini dinars.

FKN