CBB Treasury Bills oversubscribed by 287%

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Manama, Feb. 22 (BNA): This week’s BD 70 million issue of Government Treasury Bills has been oversubscribed by 287%.


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 February 24 and the maturity date is May 26.


The weighted average rate of interest is 1.80% compared to 1.98% of the previous issue on February 10.


The approximate average price for the issue was 99.547% with the lowest accepted price being 99.540%.


This is issue No. 1848 (ISIN BH0008Z06437) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD 2.110 billion.