Manama: This week's BD 100 million issue of Government Treasury Bills has been oversubscribed by 146%. The bills, with a maturity period of 12 months, are being issued by the Central Bank of Bahrain (CBB) on behalf of the Kingdom of Bahrain.
According to Bahrain News Agency, the issue date of the bills is April 16, with a maturity date set for April 15, 2027. The weighted average rate of interest for this issuance is 5.12%, slightly higher than the previous issue's rate of 5.04% on March 19.
The approximate average price for the current issue was recorded at 95.074%, with the lowest accepted price being 94.914%. This release marks issue No. 139 (ISIN BH0008462366) of the Government Treasury Bills. The total outstanding value of Government Treasury Bills now stands at BD 2.110 billion.