CBB Treasury Bills Subscribed
Manama, Bahrain – 27th February 2017 - This week’s BD 70 million issue of Government Treasury Bills has been subscribed by 175%.
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 1st March 2017 and the maturity date is 31st May 2017.
The weighted average rate of interest is 2.24%, compared to 2.23% for the previous issue on 15th February 2017.
The approximate average price for the issue was 99.437% with the lowest accepted price being 99.428%.
This is issue No. 1640 (ISIN BH0005540164) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD 1.785 billion.