CBB Treasury Bills oversubscribed by 208%

Manama, June 5 (BNA): The subscription in this week’s issuance of government treasury bills, amounting to BD 70 million, was oversubscribed by 208%.

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 June 7th and the due date is September 6th.

The weighted average interest rate was 6.19% compared to 6.24% for the previous issue on May 31.

The approximate average issue price was 98.460% with the lowest acceptable price being 98.445%.

This is Issue Number 1968 (ISIN BH000326W086) of Government Treasury Bills. Thus, the total outstanding value of government treasury bills amounted to 2.110 billion Bahraini dinars.

ZHB