CBB Treasury Bills oversubscribed by 112%

Manama, This week's BD 70 million issue of Government Treasury Bills has been oversubscribed by 112%.The bills, carrying a maturity of 91 days, are issued by the Central Bank of Bahrain (CBB), on behalf of the Government of the Kingdom of Bahrain.The issue date of the bills is June 5 and the maturity date is September 4.The weighted average rate of interest is 5.89% compared to 5.90% in the previous issue on May 29.The approximate average price for the issue was 98.532% with the lowest accepted price being 98.481%.This is issue No. 2020 (ISIN BH00043N3973) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD 2.110 billion.Source: Bahrain News Agency

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