Mubasher: The Central Bank of Bahrain (CBB) has issued BHD 70 million worth of treasury bills, saying that they were oversubscribed by 122%.
According to the bank’s statements, the 91-day bills are issued by the CBB on behalf of the Government of the Kingdom of Bahrain.
The issue date of the bills is 2 August 2017 and the maturity date is 1 November 2017.
The weighted average rate of interest is 2.31%, compared to 2.30% for the previous issue on 26 July, the statement noted.
The approximate average price for the issue was 99.419% with the lowest accepted price being 99.398%.
This raises the total outstanding value of government treasury bills to BHD 2.010 billion.
