Treasury bills oversubscribed: CBB
The BD 70 million issue of Government Treasury Bills has been oversubscribed by 105 per cent.
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 9 August 2017 and the maturity date is 8 November 2017.
The weighted average rate of interest is 2.36 per cent, compared to 2.31 per cent for the previous issue on 2 August 2017.
The approximate average price for the issue was 99.408 per cent with the lowest accepted price being 99.365 per cent.
This is issue No. 1664 (ISIN BH0008491712) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD 2.010 billion.