Bahrain s Government Treasury Bills Issue 1590 oversubscribed by 112

3/8/2016 9:04:20 PM

(MENAFN- Emirates News Agency (WAM))

Manama 8th March 2016 (WAM): The Central Bank of Bahrain (CBB) announced this week's BD 70 million issue of Government Treasury Bills has been fully subscribed by 112%.

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 09th March 2016 and the maturity date is 08th June 2016 according to Bahrain News Agency BNA.

The weighted average rate of interest is 2.01% compared to 2.00% for the previous issue on 2nd March 2016.

The approximate average price for the issue was 99.494% with the lowest accepted price being 99.457%.

With this issue the total outstanding value of Government Treasury Bills is BD 1.710 billion.

WAM/tfaham

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