Manama, The Central Bank of Bahrain (CBB) said that this week's BD 70 million issue of Government Treasury Bills has been oversubscribed by 119%.
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 August 8 and the maturity date is November 7.
The weighted average rate of interest is 3.99%, compared to 3.98% for the previous issue on August 1.
The approximate average price for the issue was 99.001% with the lowest accepted price being 98.981%.
This is issue No.: 1716 (ISIN BH000R40J502) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD 2.110 billion.
Source: Bahrain News Agency