Government Treasury Bills issue 36 subscribed by 128%

Manama: The Central Bank of Bahrain (CBB) on Tuesday announced that this month’s BD 100 million issue of Government Treasury Bills has been oversubscribed by 128%.

The bills, carrying a maturity of 12 months, are issued by the CBB, on behalf of the Kingdom of Bahrain.

The issue date of the bills is 31 August, 2017 and the maturity date is 30 August, 2018.

The weighted average rate of interest is 3.22 % compared to 3.13 %, for the previous issue on 27 July, 2017.

The approximate average price for the issue was 96.844% with the lowest accepted price being 96.676%.

This is issue No.36 (ISIN BH0009E84262) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD 1.885 billion.

Source: Bahrain News Agency

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