Mubasher: The Central Bank of Bahrain (CBB) announced that this week’s BHD 70 million issue of government Treasury Bills (T.bills) has been oversubscribed by 137%.

Carrying a maturity of 91 days, the T.bills hold an issue date on 29 May and the maturity date is 28 August 2019.

“The weighted average rate of interest is 3.14% compared to 3.18% for the previous issue on 15 of May 2019,” the CBB said in a disclosure on Monday.

Following this T.bills issue, the total outstanding value of government Treasury Bills in Bahrain stands ate BHD 2.110 billion.