Thursday 29, June 2017 by William Mullally

CBB’s monthly issue of treasury bills oversubscribed

The approximate average price for the issue was 98.776 per cent, with the lowest accepted price being 98.703 per cent.

Central Bank of Bahrain (CBB) announces that the BHD 35 million monthly issue of Government Treasury Bills has been oversubscribed by 128 per cent.

The bills, carrying a maturity of 182 days, are issued by the CBB, on behalf of the Kingdom of Bahrain.

The issue date of the bills is 2 July 2017 and the maturity date is 31 December 2017.

The weighted average rate of interest is 2.45 per cent, compared to 2.38 per cent for the previous issue on 4 June 2017.

The approximate average price for the issue was 98.776 per cent, with the lowest accepted price being 98.703 per cent.

This is issue No. 1658 Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BHD 1.810 billion.

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