CBB’s monthly issue of treasury oversubscribed

Central Bank of Bahrain (CBB) has announced that the BD 30 million monthly issue of Government Treasury Bills has been oversubscribed by 252%. The bills, carrying a maturity of 182 days, are issued by the CBB, on behalf of the Kingdom of Bahrain. The issue date of the bills is 12th August 2012 and the maturity date is 10th February 2013. The weighted average rate of interest is 1.36%, compared with 1.25%for the previous issue on 08th July 2012. The approximate average price for the issue was 99.319%, with the lowest accepted price being 99.302%. This is issue No. 1403 (ISIN BH000SL13800 (of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD 930 million.