During the week of May 9, the Central Bank of Bahrain announced that the BD 70 million issue of Government Treasury Bills carried a maturity of 91 days.
This week’s BD 70 million, however, has been oversubscribed by 113 percent.
The bills, which have an issue date of May 11, are issued by the CBB in support of the government of the Kingdom of Bahrain. The maturity date of the bills is Aug. 10.
The weighted average rate of interest is up slightly from the week of May 4. The average rate of interest is 2.06 percent, compared to 2.04 percent for the previous week.
The lowest accepted price is 99.462 percent, and the approximate average price for the issue 99.482 percent.
This week’s issue of Government Treasury Bills brings the total outstanding value of Government Treasury Bills to BD 1.710 billion. This is issue No. 1598 of treasury bills.