PHOTO
A Central Bank of Bahrain official shows new Bahraini Dinar notes on the first day of its release in Bahraini capital of Manama March 17, 2008.
Bahrain government’s latest treasury bills have been highly subscribed, reflecting continued strong demand from investors.
The BD 100 million bills ($263.6 million), carrying a maturity of 12 months, have been oversubscribed by 108%, according to a statement on Monday.
The new bills follow the previous issue on June 20 this year.
They hold a weighted average interest of 6.10%, up from the 6.08% in the previous offering.
The maturity date is on July 17, 2025, with the approximate average price pegged at 94.191% and the lowest accepted price at 94.115%.
This week’s issue brings the total outstanding value of government treasury bills to BD 2.110 billion.
(Writing by Cleofe Maceda; editing by Seban Scaria) seban.scaria@lseg.com