Manama: Central Bank of Bahrain (CBB) in a statement said that with the launch of BD 30 million monthly issue of government treasury bills the total outstanding value of Government treasury bills had reached BD 1.230 billion.
“The BD30 million treasury bill has been oversubscribed by 174%,” the Central Bank in a statement said.
The bills, carrying a maturity of 182 days, are issued by the CBB, on behalf of the Kingdom of Bahrain.
The issue date of the bills is 4th January 2015 and the maturity date is 5th July 2015.
The weighted average rate of interest is 0.80%, compared to 0.79% for the previous issue on 7th December 2014. The approximate average price for the issue was 99.597%, with the lowest accepted price being 99.597%.