CBB Treasury Bills oversubscribed by 173%

This week’s BD 70 million issue of Government Treasury Bills has been oversubscribed by 173%.

The bills, carrying a maturity of 91 days, are issued by the Central Bank of Bahrain (CBB), on behalf of the Government of Bahrain.

The issue date of the bills is May 24 and the maturity date is August 23.

The weighted average rate of interest is 6.21% compared to 6.17% of the previous issue on May 10.

The approximate average price for the issue was 98.454% with the lowest accepted price being 98.432%.

This is issue No. 1965 (ISIN BH000Q586678) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD 2.010 billion.

Source: Bahrain News Agency