Manama: This week's BD 70 million issue of Government Treasury Bills has been oversubscribed by 100.43%. The bills, which carry a maturity of 91 days, have been issued by the Central Bank of Bahrain (CBB) on behalf of the Government of the Kingdom of Bahrain. The issue date of these bills is July 29, with a maturity date set for October 28.
According to Bahrain News Agency, the weighted average rate of interest for this issue is 5.32%, an increase from the previous issue's rate of 5.21% on July 22. The approximate average price for this week's issue was recorded at 98.673%, with the lowest accepted price being 98.628%.
This issuance is identified as issue No. 2132 (ISIN BH0002319F71) of Government Treasury Bills. With this new issuance, the total outstanding value of Government Treasury Bills has reached BD 2.110 billion.