CBB Treasury Bills oversubscribed

03 : 08 PM – 28/05/2018
Manama, May 28 (BNA):
This week’s BD 70 million issue of Government Treasury Bills has been oversubscribed by 111%.
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 30th May2018 and the maturity date is 29th August 2018.
The weighted average rate of interest is3.55%, compared to3.40% for the previous issue on 16th May 2018.
The approximate average price for the issue was 99.110% with the lowest accepted price being 99.073%.
This is issue No. 1705 (ISIN BH0001224839) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD 2.235 billion.

WHQ