CBB Treasury Bills subscribed 100pc

Manama : This week’s BD70 million issue of Government Treasury Bills has been subscribed by 100 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 12th July 2017 and the maturity date is 11th October 2017.

The weighted average rate of interest is 2.30pc, compared to 2.33pc for the previous issue on 05th July 2017.

The approximate average price for the issue was 99.421pc with the lowest accepted price being 99.403pc.

This is issue No. 1660 (ISIN BH00024A63S6) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD 1.910 billion.