BAHRAIN: Government Treasury Bills oversubscribed by 137%

Media IN Manama, May 27 (BNA):

This week’s BD 70 million issue of Government Treasury Bills has been oversubscribed by 137%.

The bills, carrying a maturity of 91 days, are issued by the Central Bank of Bahrain (CBB),on behalf of the Government of Bahrain.

The issue date of the bills is May 29 and the maturity date is August 28.

The weighted average rate of interest is 3.14% compared to 3.18% for the previous issue on May 15.

The approximate average price for the issue was 99.213% with the lowest accepted price being 99.198%.