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Government Treasury Bills issue oversubscribed by 151pc

Bahrain Business
Mon, 05 Mar 2018

Manama: The Central Bank of Bahrain (CBB) announced that this week’s BD70 million issue of Government Treasury Bills has been oversubscribed by 151 per cent.

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

The issue date of the bills is March 7, 2018, and the maturity date is June 6, 2018.

The weighted average rate of interest is 3.19pc, compared to 3.18pc for the previous issue on February 28, 2018.

The approximate average price for the issue was 99.201pc with the lowest accepted price being 99.190pc.

This is issue No. 1694 (ISIN BH0006944993) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD2.035 billion.

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