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Strong investor demand cuts yield on Bahrain's 182-day Treasury bills by 20 basis points

February 6, 2014

Strong investor demand drove the yield on Bahrain's monthly issuance of 182-day T-bills down by 20 basis points, the central bank reported. Investor demand came at five times of the BHD 30mn ( USD 79.57mn ) issue size driving the weighted average rate of interest down to 1.04% compared with 1.24% for the previous issue on January 5, 2014. The approximate average price for the issue was 99.475% with the lowest accepted price being 99.443%. The issue date of the bills is February 9, 2014 and the maturity date is August 10, 2014.

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Source: IntelliNews - Weekly Reports

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