Government Treasury Bills oversubscribed

MANAMA: This week’s BD70 million issue of Government Treasury Bills has been oversubscribed by 137 per cent.

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 May 29 and the maturity date is August 28.

The weighted average rate of interest is 3.14pc compared with 3.18pc for the previous issue on May 15.

The approximate average price for the issue was 99.213pc with the lowest accepted price being 99.198pc.

This is issue No 1757 (ISIN BH0008541334) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD2.11 billion.

Source: http://www.gdnonline.com/Details/541514