The Central Bank of Bahrain (CBB) said that this quarter’s BD100 million issues of Government treasury bills had been oversubscribed by 219 per cent.
With this issue of 12-months bills of BD100 million, the CBB in a statement said, the total outstanding value of Government treasury bills reached BD800 million ($3.016billion).
The bills, carrying a maturity of 12 months, are issued by the CBB, on behalf of the Kingdom of Bahrain.
The issue date of the bills is 8 September 2011 and the maturity date is 6 September 2012.
The weighted average rate of interest is 1.40 per cent compare with 1.34 per cent, for the previous issue on 9 June 2011.
The approximate average price for the issue was 98.602 per cent with the lowest accepted price being 98.359 per cent.