Government Treasury Bills oversubscribed by 102%

Manama, Aug. 4 (BNA): The Central Bank of Bahrain (CBB) on Monday announced this week's BD70 million issue of Government Treasury Bills had been oversubscribed by 102%. 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 5th August 2015 and the maturity date is 4th November 2015. The weighted average rate of interest is 1.28%, compared to 1.20%, for the previous issue on 29th July 2015. The approximate average price for the issue was 99.678% with the lowest accepted price being 99.672%. This is issue No. 1558 (ISIN BH000P413080) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD1.605 billion.