Bills oversubscribed

Manama : This week’s BD 70 million issue of Government Treasury Bills has been oversubscribed by 101 per cent, said the Central Bank of Bahrain in a statement.

The bills, carrying a maturity of 91 days, are issued by the CBB, on behalf of the Government of Bahrain.

The issue date of the bills is 2nd May 2018 and the maturity date is 1st August 2018.

The weighted average rate of interest is 3.35pc, compared to 3.33pc for the previous issue on 23rd April 2018.

The approximate average price for the issue was 99.161pc with the lowest accepted price being 99.148pc.

This is issue No. 1701 (ISIN BH00013L3V72) of Government Treasury Bills.

With this, the total outstanding value of Government Treasury Bills is BD 2.235 billion.