CBB's weekly treasury bills oversubscribed by 155%

The Central Bank of Bahrain (CBB) yesterday (Monday: July 29, 2013) announced that this week's BD 35 million issue of Government Treasury Bills has been oversubscribed by 155%. The bills, carrying a maturity of 91 days, are issued by the CBB, on behalf of the Government of the Kingdom of Bahrain. The issue date of the bills is 31st July 2013 and the maturity date is 30th October 2013. The weighted average rate of interest is 0.74%, compared to 0.69% for the previous issue dated 17th July 2013. The approximate average price for the issue was 99.813% with the lowest accepted price being 99.798%. This is issue No. 1453 (ISIN BH0008673541) of Government Treasury Bills. With this issue, the total outstanding value of Government Treasury Bills is BD 930 million.