Manama: This week's BD 70 million issue of Government Treasury Bills has been oversubscribed by 101%. 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 May 27, and the maturity date is August 26.
According to Bahrain News Agency, the weighted average rate of interest for this issue is 5.30%, compared to 5.28% of the previous issue on May 20. The approximate average price for the issue was 98.679%, with the lowest accepted price being 98.604%.
This is issue No.2123 (ISIN BH00043704Q2) of Government Treasury Bills. With this release, the total outstanding value of Government Treasury Bills stands at BD 2.110 billion.