CBB T-Bills oversubscribed by 125%

TDT | Manama

The Daily Tribune – www.newsofbahrain.com

This week’s BD 70 million issue of Government Treasury Bills has been oversubscribed by 125%.

The bills, carrying a maturity of 91 days, are issued by the CBB, on behalf of the Government of the Kingdom of Bahrain.

The issue date of the bills is November 29 and the maturity date is February 28, 2024.

The weighted average rate of interest is 6.42% compared to 6.33% of the previous issue on November 22.

The approximate average price for the issue was 98.403% with the lowest accepted price being 98.335%.

This is issue No. 1993 (ISIN BH000C7J3371) of Government Treasury Bills.

With this, the total outstanding value of Government Treasury Bills is BD 2.110 billion.