Manama, March 21 (BNA): Oversubscription for this week’s issue of government treasury bills, amounting to 70 million Bahraini dinars, exceeded 225%.
Bills of exchange due within 91 days are issued by the Central Bank of Bahrain on behalf of the Government of Bahrain.
The date of issue of the bills of exchange is March 23 and the due date is June 22.
The weighted average interest rate of 1.60% is equivalent to the previous issue on March 9.
The approximate average price of the version was 99.598% with the lowest acceptable price of 99.559%.
This is Issue No. 1904 (ISIN BH000589LO87) of Government Treasury Bills. Thus, the total outstanding value of government treasury bills amounted to BD2.110 billion.
HF