CBB treasury bills oversubscribed in Bahrain

The Central Bank of Bahrain (CBB) announces that this week’s BD 35 million issues of Government Treasury Bills has been oversubscribed by 213%. The bills, carrying a maturity of 91 days, are issued by the CBB, on behalf of the Kingdom of Bahrain. The issue date of the bills is 24 August 2011 and the maturity date is 23 November 2011. The weighted average rate of interest is 0.68% compare with 0.68%, for the previous issue on 17 August 2011. The approximate average price for the issue was 99.827% with the lowest accepted price being 99.826%. This is issue No. 1353 (ISIN BH000312Z972) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD 760 million. EM