Bank of Bahrain's 12 Month Treasury Bills oversubscribed

GMT 14:52 2015 Wednesday ,04 March

Arab Today, arab today Bank of Bahrain's 12 Month Treasury Bills oversubscribed

National Bank of Bahrain (NBB)
Manama - BNA

The Central Bank of Bahrain (CBB) on Tuesday announced that this quarter's BD 200 million issues of Government Treasury Bills had been oversubscribed by 196%
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 5 March, 2015 and the maturity date is 3 March, 2016.
The weighted average rate of interest is 1.06 % compare with 1.05 %, for the previous issue on 4 December, 2014.
The approximate average price for the issue was 98.944% with the lowest accepted price being 98.900%.
This is issue No.24 (ISIN BH000366Z747) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD 1.330 billion.
According to Ministry of Finance request the Issue amount has been increased from BD 150 million to BD 200 million.

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