CBB treasury bills oversubscribed

The Central Bank of Bahrain (CBB) announces that this week’s BD 35 million issue of Government Treasury Bills has been oversubscribed by 124%. 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 15 August 2012 and the maturity date is 14 November 2012. The weighted average rate of interest is 1.25% compared with 1.24%, for the previous issue on 8 August 2012. The approximate average price for the issue was 99.688% with the lowest accepted price being 99.685%. This is issue No. 1404 (ISIN BH0003874870) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD 930 million.