CBB's weekly treasury bills oversubscribed by 317%

The Central Bank of Bahrain (CBB) today announced that this week's BD 35 million issue of Government Treasury Bills has been oversubscribed by 317%. 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 7th August 2013 and the maturity date is 6th November 2013. The weighted average rate of interest is 0.71%, compared to 0.74% for the previous issue on 31st July 2013. The approximate average price for the issue was 99.820% with the lowest accepted price being 99.815%. This is issue No. 1454 (ISIN BH0002732CY8) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD 930 million.