CBB Treasury Bills oversubscribed by 248%

Manama, September 5 (BNA): The subscription for this week’s issue of government treasury bills worth BD70 million was covered by 248%.


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


The date of issue of the bills of exchange is 7 September and the due date is 7 December.


The weighted average interest rate of 3.79% is equivalent to the previous issue on August 31.


The approximate average price of the issue was 99.051% with the lowest acceptable price of 99.050%.


This is Issue No. 1929 (BH00042122P0) of Government Treasury Bills.


With this, the total outstanding value of government treasury bills is BD 2.010 billion.


ZHB






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