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.