Financial and Banking News
LOANS AND ISSUES
Bahrain Broadens Scope for T-Bills
The Bahrain Monetary Agency (BMA) last week broadened the scope of its weeklyissue of treasury bills by allowing offshore banks on the island to bid for thepaper. Until now all bids had to be transmitted to the BMA through one of the 19local commercial banks, although ownership of the bills has always been open toall investors. All offshore banks, including the restricted license...