CBB Treasury Bills oversubscribed by 211%

TDT | Manama

The Daily Tribune – www.newsofbahrain.com

This week’s BD 70 million issue of Government Treasury Bills has been oversubscribed by 211%. The bills, carrying a maturity of 91 days, are issued by the Central Bank of Bahrain (CBB), on behalf of the Government of the Kingdom of Bahrain.

The issue date of the bills is October 25 and the maturity date is January 24, 2024. The weighted average rate of interest is 6.40% compared to 6.44% in the previous issue on October 18. The approximate average price for the issue was 98.409% with the lowest accepted price being 98.403%.

This is issue No. 1987 (ISIN BH00076MYG14) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD 2.110 billion.