The Central Bank of Bahrain (CBB) announced that the BHD 70 million issue of the government treasury bills (T-bills) this week has been oversubscribed by 153%.
The issue has 91-days maturity period, which will begin on 12 June and end on 11 September, according to the CBB’s statement on Monday.
“The weighted average rate of interest is 3.13% compared to 3.18% for the previous issue on 5 of June,” the statement added.
This issue has an approximate average price of 99.216% with the lowest accepted price being 99.198%.
The total outstanding value of Bahrain’s T-bills amounted to BHD 2.110 billion.
The bills are issued by the central bank on behalf of the Bahraini government.