Bahrain C.bank sells BHD 70m T-bills

Mubasher: The Central Bank of Bahrain (CBB) announced that the BHD 70 million ($186.2 million) issue of the government treasury bills (T-bills) this week has been oversubscribed by 243%.

The issue has 91-days maturity period, which will begin on 24 April and end on 24 July, according to the CBB’s statement.

The average interest rate of this issue is 3.46% compared to 3.62% for the previous issue, the statement added.

The T-bill issue has an approximate average price of 99.132% with the lowest accepted price at 99.120%.

The bills are issued by the central bank on behalf of the Bahraini government.

Mubasher Contribution Time: 22-Apr-2019 12:34 (GMT)
Mubasher Last Update Time: 22-Apr-2019 12:40 (GMT)