Manama: This week’s BD 70 million issue of Government Treasury Bills has been oversubscribed by 101%.
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 August 26 and the maturity date is November 25.
The weighted average rate of interest is 2.26% compared to 2.25% for the previous issue on August 12.
The approximate average price for the issue was 99.432% with the lowest accepted price being 99.407%.
This is issue No. 1822 (ISIN BH00099926W2) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD 2.110 billion.