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Government Treasury Bills issue 1720 oversubscribed by 106%

Manama, The Central Bank of Bahrain (CBB) announced that this week's BD 70 million issue of Government Treasury Bills has been oversubscribed by 106%.

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

The issue date of the bills is 5th September 2018 and the maturity date is 5th December 2018.

The weighted average rate of interest is 4.08%, compared to 4.06% for the previous issue on 29th August 2018.

The approximate average price for the issue was 98.978% with the lowest accepted price being 98.954%.

This is issue No.: 1720 (ISIN BH0006JJPP77) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD 2.110 billion.

Source: Bahrain News Agency

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