CBB Treasury Bills oversubscribed by 109%

Manama, June 26 (BNA): This week’s issuance of government treasury bills worth BD70 million was oversubscribed by 109%.

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 date of issuance of the warrants is June 28th and the due date is September 27th.

The weighted average interest rate was 6.15% compared to 6.11% in the previous release dated June 21.

The approximate average issue price was 98.469% with the lowest acceptable price being 98.384%.

This is Issue Number 1971 (ISIN BH0009926E72) of Government Treasury Bills. Thus, the total outstanding value of government treasury bills amounted to 2.110 billion Bahraini dinars.


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