CBB Treasury Bills oversubscribed by 291%

Manama, Sept. 4 (BNA): This week’s BD 70 million issue of Government Treasury Bills has been oversubscribed by 291%.


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


The issue date of the bills is September 6 and the maturity date is December 6.


The weighted average rate of interest is 6.59% compared to 6.72% of the previous issue on August 30.


The approximate average price for the issue was 98.361% with the lowest accepted price being 98.336%.


This is issue No. 1981 (ISIN BH0001878634) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD 2.110 billion.




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