Bahrain: Issue of Government Treasury Bills oversubscribed
The Bahrain Monetary Agency (BMA) announced that the BD15 million weekly issue of Government Treasury Bills has been oversubscribed by 113%.
The bills, carrying a maturity of 91 days, are issued on behalf of the Kingdom of Bahrain.
According to BNA, the issue date of the bills is 21st June 2006 and the maturity date is 20th September 2006. The weighted average rate of interest is 5.42% and the approximate average price was 98.649%, with the lowest accepted price being 98.646%. This is issue No. 1104 of Government Treasury Bills.