CBB treasury bills oversubscribed by 141%

This week’s BD 70 million issue of Government Treasury Bills has been oversubscribed by 141%.

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 March 22 and the maturity date is June 21.

The weighted average rate of interest is 5.75% compared to 5.78% in the previous issue on March 8.

The approximate average price for the issue was 98.567% with the lowest accepted price being 98.555%.

This is issue No. 1956 (ISIN BH00015516R2) of Government Treasury Bills, with this the total outstanding value of Government Treasury Bills is BD 2.010 billion.

Source: Bahrain News Agency