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Government Treasury Bills issue 1716 oversubscribed by 119%

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