Manama: This week's BD 70 million issue of Government Treasury Bills has been oversubscribed by 198%. The bills, with a maturity period of 91 days, are issued by the Central Bank of Bahrain (CBB) on behalf of the Government of the Kingdom of Bahrain.
According to Bahrain News Agency, the issue date for these treasury bills is September 17, with a maturity date set for December 17. The weighted average rate of interest for this issue stands at 5.00%, a slight decrease from the 5.10% rate of the previous issue dated September 3. The approximate average price for the bills was recorded at 98.752%, with the lowest accepted price being 98.740%.
This issuance is identified as issue No.2086 (ISIN BH0004G89F29) of Government Treasury Bills. Following this issuance, the total outstanding value of Government Treasury Bills amounts to BD 2.110 billion.