CBB Treasury Bills Oversubscribed by 193%

Manama, Jan. 30 /BNA/: This week’s issuance of government treasury bills amounting to BD 70 million was oversubscribed by 193%.

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 billing date is February 1 and the due date is May 3.

The weighted average interest rate was 5.83% vs. 5.84% for the previous issue on January 25th.

The approximate average issue price was 98.549% with the lowest acceptable price being 98.540%.

This is Issue 1950 (BH0004785802) of Government Treasury Bills. Thus, the total outstanding value of government treasury bills amounted to 2.010 billion Bahraini dinars.

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