CBB treasury bills oversubscribed by 290%

The Central Bank of Bahrain (CBB) yesterday announced that this week\'s BD35 million issue of Government Treasury Bills has been oversubscribed by 290%. 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 21st August 2013 and the maturity date is 20th November 2013. The weighted average rate of interest is 0.70%, compared to 0.70% for the previous issue on 14th August 2013. The approximate average price for the issue was 99.824% with the lowest accepted price being 99.823%. This is issue No.1457 (ISIN BH00020864T5) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD930 million.