CBB Treasury Bills Oversubscribed by 196 Percent

Manama: This week's BD 70 million issue of Government Treasury Bills has been oversubscribed by 196 percent. The bills, carrying a maturity of 91 days, are issued by the Central Bank of Bahrain (CBB) on behalf of the Government of the Kingdom of Bahrain. According to Bahrain News Agency, the issue date of the bills is July 1, and the maturity date is set for September 30. The weighted average rate of interest for this issue is 5.22 percent, slightly lower than the 5.24 percent recorded for the previous issue on June 24. The approximate average price for the current issue was 98.697 percent, with the lowest accepted price being 98.690 percent. This is issue No.2128 (ISIN BH0007347030) of Government Treasury Bills. With this issuance, the total outstanding value of Government Treasury Bills has reached BD 2.110 billion.