Government Treasury Bills issue 1672 oversubscribed

The issue date of the bills is 4th October 2017 and the maturity date is 3rd January 2018

The Central Bank of Bahrain today announced that this week’s BD 70 million issue of Government Treasury Bills has been oversubscribed by 111%.

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 4th October 2017 and the maturity date is 3rd January 2018.

The weighted average rate of interest is 2.61%, compared to 2.57% for the previous issue on 27th September 2017.

The approximate average price for the issue was 99.344% with the lowest accepted price being 99.310%.

This is issue No. 1672 (ISIN BH0003736392) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD 1.985 billion.

Source:BNA