CBB Treasury Bills oversubscribed by 110%

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This week’s BD 70 million issue of Government Treasury Bills has been oversubscribed by 110%. 

 

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 26th September 2018 and the maturity date is 26th December 2018.

 

The weighted average rate of interest is 4.17% compared to 4.13% for the previous issue on 12th September 2018.

 

The approximate average price for the issue was 98.957% with the lowest accepted price being 98.938%.

 

This is issue No. 1722 (ISIN BH0005Z20YZ9) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD 2.110 billion.

The post CBB Treasury Bills oversubscribed by 110% appeared first on bizbahrain.

SOURCE: BIZBAHRAIN

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