CBB 12 Month Treasury Bills oversubscribed by 196%

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The Central Bank of Bahrain (CBB) announces that this month’s BD 100 million issue of Government Treasury Bills has been oversubscribed by 196%.

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 23rd January, 2020 and the maturity date is                  21st January, 2021.

The weighted average rate of interest is 2.60% compared to 2.61%, for the previous issue on 26th December, 2019.

The approximate average price for the issue was 97.436% with the lowest accepted price being 97.392%.

This is issue No.65 (ISIN BH0007854I60of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD 2.110 billion.

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