Government Covers BD 70 Million of Its Public Debt
2019-04-02 - 7:43 p
Bahrain Mirror: The Central Bank of Bahrain announced that the new issue of weekly Government Treasury Bills given out by the Central Bank of Bahrain on behalf of the Government of Bahrain has been oversubscribed.
This week's BD 70 million issue of Government Treasury Bills has been oversubscribed by 199%.
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 3rd April 2019 and the maturity date is 3rd July 2019. The weighted average rate of interest is 3.75% compared to 3.90% for the previous issue on 27th March 2019.
The total outstanding value of Government Treasury Bills is BD 2.110 billion.