Government Treasury Bills issue 1670 oversubscribed by 143%

The issue date of the bills is 27th September 2017 and the maturity date is 27th December 2017.

The Central Bank of Bahrain (CBB) announced that this week’s BD 70 million issue of Government Treasury Bills has been oversubscribed by 143%.
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 27th September 2017 and the maturity date is 27th December 2017.

The weighted average rate of interest is 2.57%, compared to 2.49% for the previous issue on 13th September 2017.

The approximate average price for the issue was 99.355% with the lowest accepted price being 99.328%.

This is issue No. 1670 (ISIN BH0005I3N702) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD 1.885 billion.

Source:BNA