Manama: This week's BD 100 million issue of Government Treasury Bills has been oversubscribed by 139%. The bills, carrying a maturity of 12 months, are issued by the Central Bank of Bahrain (CBB) on behalf of the Kingdom of Bahrain. The issue date of the bills is May 22, and the maturity date is May 21 of the following year.
According to Bahrain News Agency, the weighted average rate of interest for this issue is 5.12%, which represents an increase compared to the 5.03% rate of the previous issue on April 17. The approximate average price for the current issue was 95.081%, with the lowest accepted price being 94.823%.
This marks issue No. 128 (ISIN BH0002SG78H4) of Government Treasury Bills. With the completion of this issue, the total outstanding value of Government Treasury Bills has reached BD 2.110 billion.