Bills issue oversubscribed.
MANAMA: The latest weekly issue of government treasury bills floated to raise BD70 million has received subscription to the tune of 127 per cent, the Central Bank of Bahrain announced yesterday.
Carrying a maturity of 91 days, the bills have tomorrow as the issue date and March 29, 2017 as the maturity date.
The weighted average rate of interest is 2.18pc, as against 2.09pc for the previous issue on December 14. The approximate average price for the issue was 99.452pc with the lowest accepted price being 99.446pc.
With this (issue number 1631), the total outstanding value of government treasury bills is BD1.785 billion.
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