Mubasher: The Central Bank of Bahrain (CBB) announced that the BHD 70 million worth issue of the government treasury bills (T.bills) this week has been oversubscribed by 244%.
The bills are issued by the central bank on behalf of the Bahraini government, according to a press release on Monday.
The issue date of these treasury bills is 6 March 2019, and will be matured in 91 days on 5 June 2019.
“The weighted average rate of interest is 4.05% compared to 4.15% for the previous issue on 27 February 2019,” the press release added.
This issue has an approximate average price of 98.987% with the lowest accepted price being 98.980%.
