Government Treasury Bills issue 1718 oversubscribed by 120%
Manama, The Central Bank of Bahrain (CBB) announced that this week's BD 70 million issue of Government Treasury Bills has been oversubscribed by 120%.
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 29th August 2018 and the maturity date is 28th November 2018.
The weighted average rate of interest is 4.06%, compared to 4.02% for the previous issue on 15th August 2018.
The approximate average price for the issue was 98.983% with the lowest accepted price being 98.974%.
This is issue No. 1718 (ISIN BH0007772450) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD 2.110 billion.
Source: Bahrain News Agency