CBB treasury bills oversubscribed

The Central Bank of Bahrain (CBB) has announced that this week’s BD35 million issue of Government Treasury Bills had been oversubscribed by 233%. 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 2nd January 2013 and the maturity date is 3rd April 2013. The weighted average rate of interest is 0.99%, compared with 1.04% for the previous issue on 19th December 2012. The approximate average price for the issue was 99.752% with the lowest accepted price being 99.735%. This is issue No.1423 (ISIN BH00088770O4) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD930 million.