The Central Bank of Bahrain (CBB) announces that this quarter’s BD 100 million issues of Government Treasury Bills has been oversubscribed by 162%.
The bills, carrying a maturity of 12 months, are issued by the CBB, on behalf of the Kingdom of Bahrain.
The issue date of the bills is December 8, 2011 and the maturity date is December 6, 2012.
The weighted average rate of interest is 1.77% compare with 1.40%, for the previous issue on 8 September 2011.
The approximate average price for the issue was 98.239% with the lowest accepted price being 98.018%.
With this, the total outstanding value of Government Treasury Bills is BD880 million.