CBB Treasury Bills issue oversubscribed by 139%

Media IN Manama, June 24 BNA:

The Central Bank of Bahrain (CBB) announced that this week’s BD 70 million issue of Government Treasury Bills has been oversubscribed by 139%.

 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 26th June 2019 and the maturity date is 25th September 2019.

The weighted average rate of interest is 3.12 % compared to 3.13% for the previous issue on 12th June 2019.

The approximate average price for the issue was 99.216% with the lowest accepted price being 99.198%.