Mubasher: The Central Bank of Bahrain (CBB) on Tuesday announced that a BD 70 million issue of Government Treasury Bills offered this week has been oversubscribed by 106%.
The central bank has issued the bills with a 91-day maturity on behalf of the Kingdom's government, according to Bahrain News Agency (BNA).
The date of the issuance is 5 September, while the maturity date is 5 December.
The weighted average interest rate is 4.08%, compared to 4.06% for the prior issue on 29 August, BNA reported.
This issue has brought the total outstanding value of government T-bills to BD 2.110 billion.