Central Bank of Bahrain Treasury Bills oversubscribed by 358%

Media IN Manama, May 29 (BNA):

Central Bank of Bahrain (CBB) announces that the BD 35 million monthly issue of Government Treasury Bills has been oversubscribed by 358%.

The bills, carrying a maturity of 182 days, are issued by the CBB, on behalf of Bahrain.

The issue date of the bills is June 2 and the maturity date is  December 1.

The weighted average rate of interest is 3.22%, compared to 3.50% for the previous issue on May 12.

The approximate average price for the issue was 98.396%, with the lowest accepted price being 98.384%.