CBB treasury bills oversubscribed by 306%

The Central Bank of Bahrain (CBB) announced today that this week\'s issue of BD 35 million of Government Treasury Bills has been oversubscribed by 306%. 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 20th February 2013 and the maturity date is 22nd May 2013. The weighted average rate of interest is 0.85%, compared with 0.90% for the previous issue on 13th February 2013. The approximate average price for the issue was 99.785% with the lowest accepted price being 99.783%. This is issue No. 1431 (ISIN BH0009478007) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD 930 million.