Treasury bills a big success

03/09/2015 08:31 AST

The latest monthly issue of government treasury bills floated to raise BD35 million has received subscription to the tune of 133 per cent, the Central Bank of Bahrain announced yesterday.

Carrying a maturity of 182 days, the bills have Sunday as the issue date and March 6 as the maturity date.

The weighted average rate of interest is 1.39pc, compared with 1.31pc for the previous issue on August 9.

The approximate average price for the issue was 99.301pc, with the lowest accepted price being 99.216pc.

With this, the total outstanding value of government treasury bills is BD1.66bn.


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