The Central Bank of Bahrain (CBB) has announced that this week’s BD35 million ($92.8 million) issue of government treasury bills has been oversubscribed by 213 per cent.

The bills, carrying a maturity of 91 days, are issued by the CBB, on behalf of the Bahrain government.

The issue date of the bills is tomorrow and the maturity date is November 23. The weighted average rate of interest is 0.68 per cent compare with 0.68 per cent, for the previous issue on August 17.

The approximate average price for the issue was 99.827 per cent with the lowest accepted price being 99.826 per cent.-TradeArabia News Service