Bahrain treasury bills oversubscribed by 407pc
The Bahrain Monetary Agency (BMA) recently announced that the BD15 million weekly issue of Government Treasury Bills was oversubscribed by a staggering 407 per cent.
The bills, issued by the BMA on behalf of Bahrain, have a maturity of 91 days, according to Gulf Daily News. The bills' issue date is August 23, while their maturity date is November 22.
The weighted average rate of interest is 5.26pc and the approximate average price was 98.688pc, with the lowest accepted price being 98.685pc.