Government treasury bills issue 1615 oversubscribed by 123%

Manama, Sep. 1 (BNA): The Central Bank of Bahrain (CBB) said the BD 35 million monthly issue of Government Treasury Bills has been oversubscribed by 123%. 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 September 2016 and the maturity date is 5th March 2017. The weighted average rate of interest is 2.22%, compared to 2.19% for the previous issue on 7th August 2016. The approximate average price for the issue was 98.890%, with the lowest accepted price being 98.875%. This is issue No.: 1615 (ISIN BH000O51V527) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD 1.760 billion.