The Central Bank of Bahrain (CBB) today announced that the BD 35 m monthly issue of Government Treasury Bills has been oversubscribed by 107%.

The bills, carrying a maturity of 182 days, are issued by the CBB, on behalf of the Kingdom of Bahrain.

The issue date of the bills is 3rd April 2016 and the maturity date is 2nd October 2016, CBB said in a statement, carried by Bahrain News Agency.

The weighted average rate of interest is 2.34%, compared to 2.22% for the previous issue on 6th March 2016.

The approximate average price for the issue was 98.830%, with the lowest accepted price being 98.786%.

With this, the total outstanding value of Government Treasury Bills is BD 1.710 bn.

Source:WAM