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Government Treasury Bills issue 48 oversubscribed by 113%

Manama, The Central Bank of Bahrain (CBB) announced that this month's BD 100 million issue of Government Treasury Bills has been oversubscribed by 113%.

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

The issue date of the bills is August 30, and the maturity date is August 29, 2019.

The weighted average rate of interest is 4.75% compared to 4.56%, for the previous issue on July 26.

The approximate average price for the issue was 95.420% with the lowest accepted price being 95.344%.

This is issue No.: 48 (ISIN BH0001447CV0) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD 2.110 billion.

Source: Bahrain News Agency