CBB Treasury Bills oversubscribed by 221%

Manama, February 27 (BNA): This week’s issuance of government treasury bills, amounting to BD 70 million, was oversubscribed by 221%.

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

The date of issuance of the bills of exchange is March 1st and the due date is May 31st.

The weighted average interest rate was 5.79% compared to 5.80% for the previous issue dated February 22nd.

The approximate average issue price was 98.558% with the lowest acceptable price being 98.555%.

This is Issue Number 1954 (ISIN BH000537X334) of Government Treasury Bills. Thus, the total outstanding value of government treasury bills amounted to 2.010 billion Bahraini dinars.

FKN

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