Manama, Aug. 7 (BNA): This week’s BD 70 million issue of Government Treasury Bills has been oversubscribed by 121%.
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 on August 9 and the maturity date on November 8.
The weighted average rate of interest is 6.30% compared to 6.14% in the previous issue on August 2.
The approximate average price for the issue was 98.432% with the lowest accepted price being 98.384%.
This is issue No. 1977 (ISIN BH000Z900G31) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD 2.110 billion.
Y.R
#CBB #Treasury #Bills #oversubscribed
Source link