CBB Treasury Bills oversubscribed by 121%

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Manama, Mar. 9 (BNA): This week’s BD 70 million issue of Government Treasury Bills has been oversubscribed by 121%.

 

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 March 1 and the maturity date is June 10.


The weighted average rate of interest is 2.06% compared to 2.45% for the previous issue on March 4.


The approximate average price for the issue was 99.482% with the lowest accepted price being 99.422%.


This is issue No. 1799 (ISIN BH000648DK07) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD 2.110 billion.


F.K.N.