CBB Treasury Bills Oversubscribed

The Central Bank of Bahrain (CBB) announces that this week’s BD35 million issue of Government Treasury Bills has been oversubscribed by 123%.

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 11 July 2012 and the maturity date is 10 October 2012.

The weighted average rate of interest is 1.10% compared with 1.14%, for the previous issue on 4 July 2012.

The approximate average price for the issue was 99.723% with the lowest accepted price being 99.723%.

This is issue No.1399 (ISIN BH00057501C5) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD930 million.

Source zawya.