CBB Treasury Bills oversubscribed by 174%

Manama, June 19 (BNA): The subscription in this week’s issuance of government treasury bills, amounting to BD 70 million, was oversubscribed by 174%.

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 bills of exchange is 21st June and the due date is 20th September.

The weighted average interest rate was 6.11% compared to 6.19% for the previous issue on June 7.

The approximate average issue price was 98.478% with the lowest acceptable price being 98.469%.

This is Issue Number 1969 (ISIN BH0001133758) of Government Treasury Bills. Thus, the total outstanding value of government treasury bills amounted to 2.110 billion Bahraini dinars.


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