Government treasury Bills oversubscribed by 164% :CBB

Media IN Manama, July 22 (BNA):

 

The Central Bank of Bahrain (CBB) announced that this week’s BD 70 million issue of Government Treasury Bills has been oversubscribed by 164%.

 

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 24th July 2019 and the maturity date is 23rd October 2019.

 

The weighted average rate of interest is 3.05% compared to 3.09% for the previous issue on 10th July 2019.

 

The approximate average price for the issue was 99.234% with the lowest accepted price being 99.225%.