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CBB Treasury Bills issue 1731 oversubscribed by 154%

Manama, The Central Bank of Bahrain announced that this week's BD 70 million issue of Government Treasury Bills has been oversubscribed by 154%.

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 28th November 2018 and the maturity date is 27th February 2019.

The weighted average rate of interest is 4.27% compared to 4.26% for the previous issue on 14th November 2018.

The approximate average price for the issue was 98.933% with the lowest accepted price being 98.930%.

This is issue No.: 1731 (ISIN BH000179W733) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD 2.110 billion.

Source: Bahrain News Agency