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Government Treasury Bills issue 49 oversubscribed by 122%

Manama, The Central Bank of Bahrain (CBB) announced that this month's BD 100 million issue of Government Treasury Bills has been oversubscribed by 122%.

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

The issue date of the bills is 27th September, 2018 and the maturity date is 26th September, 2019. The weighted average rate of interest is 4.81% compared to 4.75%, for the previous issue on 30th August, 2018.

The approximate average price for the issue was 95.361% with the lowest accepted price being 95.315%. This is issue No.49 (ISIN BH000QX51098) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD 2.110 billion.

Source: Bahrain News Agency