CBB treasury bills oversubscribed

Manama: This week’s BD 70 million issue of Government Treasury Bills has been oversubscribed by 120%.

The bills, carrying a maturity of 91 days, are issued by the CBB, on behalf of the Government of the Kingdom of Bahrain.

The issue date of the bills is30thAugust2017 and the maturity date is29thNovember 2017.

The weighted average rate of interest is 2.45%, compared to 2.54% for the previous issue on 16thAugust 2017.

The approximate average price for the issue was 99.385% with the lowest accepted price being 99.359%.

This is issue No. 1666 (ISIN BH000RP66819) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD 2.010 billion.

Source: Bahrain News Agency

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