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Government Treasury Bills issue 1730 oversubscribed by 122%

Manama, The Central Bank of Bahrain (CBB) announced that this week's BD 70 million issue of Government Treasury Bills has been oversubscribed by 122%.

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 14th November 2018 and the maturity date is 13th February 2019.

The weighted average rate of interest is 4.26% equivalent to the previous issue on 7th November 2018.

The approximate average price for the issue was 98.934% with the lowest accepted price being 98.930%.

This is issue No.: 1730 (ISIN BH0005055494) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD 2.110 billion.

Source: Bahrain News Agency