CBB Treasury Bills oversubscribed by 223%

Manama, Apr. 18 (BNA): This week’s BD 70 million issue of Government Treasury Bills has been oversubscribed by 223%.

The bills, carrying a maturity of 91 days, are issued by the Central Bank of Bahrain (CBB), on behalf of the Government of Bahrain.

The issue date of the bills is April 20 and the maturity date is July 20.

The weighted average rate of interest is 2.03% compared to 1.99% of the previous issue on April 6.

The approximate average price for the issue was 99.490% with the lowest accepted price being 99.472%.

This is issue No. 1908 (BH000R7526U5) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD 2.110 billion.