CBB T-Bills oversubscribed by 111%

TDT | Manama

The Daily Tribune – www.newsofbahrain.com

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 3 and the maturity date is July 3. The weighted average rate of interest is 5.94% compared to 5.90% of the previous issue on March 27.

The approximate average price for the issue was 98.520% with the lowest accepted price being 98.432%.

This is issue No. 2011 (ISIN BH0008Q54907) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD 2.110 billion.