CBB Treasury Bills oversubscribed by 222%

Manama, April 17 /BNA/: This week’s issuance of government treasury bills, amounting to BD 70 million, was oversubscribed by 222%.

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 19th April and the due date is 19th July.

The weighted average interest rate is 5.82% vs. 5.83% for the previous issue dated

April 5th.

The approximate average issue price was 98,550% with the lowest acceptable price being 98,540%.

This is Issue Number 1960 (ISIN BH0007185W13) of Government Treasury Bills. Thus, the total outstanding value of government treasury bills amounted to 2.010 billion Bahraini dinars.

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