CBB Treasury Bills oversubscribed by 111%

Manama, This week's BD 70 million issue of Government Treasury Bills has been oversubscribed by 111%. The bills, carrying 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 April 17 and the maturity date is July 17. The weighted average rate of interest is 5.95% compared to 5.94% of the previous issue on April 3. The approximate average price for the issue was 98.517% with the lowest accepted price being 98.505%. This is issue No. 2012 (ISIN BH000482UT06) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD 2.110 billion. Source: Bahrain News Agency