CBB Treasury Bills oversubscribed by 153%

Manama, June 21 (BNA): The Central Bank of Bahrain announced that the monthly issuance of government treasury bills, amounting to BD35 million, was oversubscribed by 153%.

Bills of exchange due within 182 days are issued by the Central Bank of Bahrain on behalf of the Kingdom of Bahrain.

The bond issue date is June 25th and the maturity date is December 24th.

The weighted average interest rate was 6.30% compared to 6.07 in the previous release dated May 28th.

The approximate average issue price was 96.916%, and the lowest acceptable price was 96.842%.

This is Issue Number 1970 (ISIN BH000838D742) of Government Treasury Bills. Thus, the total outstanding value of government treasury bills amounted to 2.110 billion Bahraini dinars.

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