CBB Treasury Bills oversubscribed by 184%

Manama, March 6 (BNA): The subscription in this week’s issuance of government treasury bills, amounting to BD 70 million, was oversubscribed by 184%.

The bills, which mature within 91 days, are issued by the Central Bank of Bahrain (CBB) on behalf of the Government of Bahrain.

The billing date is March 8th and the due date is June 7th.

The weighted average interest rate was 5.78% compared to 5.79% for the previous issue on March 1.

The approximate average issue price was 98.560% with the lowest acceptable price being 98.557%.

This is Issue 1955 (ISIN BH0002E736W2) of the Government Treasury Bill. Thus, the total outstanding value of government treasury bills amounted to 2.010 billion Bahraini dinars.


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