Mubasher: The Central Bank of Bahrain (CBB) announced that the monthly issue of the government treasury bills has been oversubscribed by 120%.
The bills issue is worth BHD 35 million, with a maturity of 182 days from 1 October 2017 to 1 April 2018, according to an official statement by the CBB.
The weighted average rate of interest is 3.01%, compared to 2.75% for the previous issue on 3 September 2017.
CBB noted that the approximate average price for this bills issue was 98.502%, with the lowest accepted price being 98.457%.
