BHB lists 10 T-Bills worth BD542 million

Bahrain Bourse (BHB) announced yesterday the listing of 10 issues in the Treasury Bills Market worth a total of BD542 million.

Issued by the Central Bank of Bahrain, discount rates of the bills range between 1.86 per cent and 2.14pc for 3 to 6 months.

With this listing, the total number of Treasury Bills listed at Bahrain Bourse became 19 issues, a BHB statement said.

Treasury Bills are one of the investment instruments used by governments and central banks for short-term financing with reasonable returns taking in consideration the term of these issues that is usually between 3-12 months. T-Bills are usually issued weekly and monthly, and are considered very low-risk investments for investors.

It is worth mentioning that the bourse launched the Treasury Bills Market on 31st January 2016 with the aim of enhancing cash liquidity in local and foreign banks and institutions dealing in this market, and providing investors in BHB with more investment opportunities.