Manama, Mar. 21 (BNA): This week’s BD 70 million issue of Government Treasury Bills has been oversubscribed by 225%.

The bills, carrying a maturity of 91 days, are issued by the Central Bank of Bahrain (CBB), on behalf of the Government of Bahrain.

The issue date of the bills is March 23 and the maturity date is June 22.

The weighted average rate of interest is 1.60% equivalent to the previous issue on March 9.

The approximate average price for the issue was 99.598% with the lowest accepted price being 99.559%.

This is issue No. 1904 (ISIN BH000589LO87) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD 2.110 billion.