Manama: This week’s BD 70 million issue of Government Treasury Bills has been oversubscribed by 117%. The bills, which carry a maturity 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 of the bills is February 18, and their maturity date is set for May 20. The weighted average rate of interest for this issue stands at 4.86%, a slight increase from the 4.85% recorded in the previous issue on February 4.
The approximate average price for the current issue was 98.787%, with the lowest accepted price being 98.764%. This issuance is marked as No.2108 (ISIN BH0004692016) of the Government Treasury Bills. With this issuance, the total outstanding value of Government Treasury Bills reaches BD 2.110 billion.