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 109%.

The issue date of the 91-day bills is on 5 June, while the maturity date is on 4 September, the CBB said in a statement on Monday.

“The weighted average rate of interest is 3.18% compared to 3.14% for the previous issue on 29 May,” the CBB added.

The approximate average price for the issue registered 99.203%, while the lowest accepted price was 99.173%.

Following this issue, the total outstanding value of government T-bills in Bahrain amounted to BHD 2.110 billion.