CBB treasury bills oversubscribed by 195%

24th July 2014 The Central Bank of Bahrain (CBB) on Thursday announced that this week’s BD. 45 million issue of Government Treasury Bills has been oversubscribed by 195%.
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 30th July 2014 and the maturity date is 29th October 2014.
The weighted average rate of interest is 0.67%, compared to 0.66%, for the previous issue on 16th July 2014.
The approximate average price for the issue was 99.831% with the lowest accepted price being 99.823%.
This is issue No. 1505 (ISIN BH000H1B6773) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD 1.230 billion.