The Central Bank of Bahrain (CBB) said this week’s BD15 million issues of government treasury bills had been oversubscribed by 200 per cent.

The bills, carrying a maturity of 91 days, are issued by the CBB, on behalf of the Kingdom of Bahrain. The issue date of the bills is December 10, 2008 and the maturity date is March 11, 2009, said  a CBB statement.

The weighted average rate of interest is 2.89 per cent when compared to 2.91 per cent, for the previous issue on November 26, 2008.

The approximate average price for the issue was 99.27 per cent with the lowest accepted price being 99.275 per cent, it added.-TradeArabia News Service