CBB's weekly Treasury Bills oversubscribed by 112%

Manama, Dec. 8 (BNA): This week's BD 70 million issue of Government Treasury Bills has been fully subscribed by 112%. 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 09th December 2015 and the maturity date is 09th March 2016. The weighted average rate of interest is 1.80%, compared to 1.61% for the previous issue on 2nd December 2015. The approximate average price for the issue was 99.547% with the lowest accepted price being 99.520%. This is issue No. 1577 (ISIN BH00092TY5J6) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD 1.710 billion.