Manama: This week's BD 70 million issue of Government Treasury Bills has been oversubscribed by 126%. 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. The issue date for these bills is July 23, with a maturity date set for October 22.
According to Bahrain News Agency, the weighted average rate of interest for this week's issue is 5.41%, slightly higher than the 5.39% rate of the previous issue on July 16. The approximate average price for the current issue was recorded at 98.651%, with the lowest accepted price being 98.604%.
This marks issue No.2078 (ISIN BH0001R24Z72) of Government Treasury Bills. With the issuance of this batch, the total outstanding value of Government Treasury Bills now stands at BD 2.110 billion.