CBB Treasury Bills Oversubscribed by 142%

Manama: This week's BD 70 million issue of Government Treasury Bills has been oversubscribed by 142%. The bills, which have 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 is June 17, and the maturity date is set for September 6. According to Bahrain News Agency, the weighted average rate of interest for this issue stands at 5.27%, showing a slight decrease from the previous issue's rate of 5.29% on June 3. The approximate average price for the current issue was 98.686%, with the lowest accepted price recorded at 98.678%. This issuance is identified as No.2125 (ISIN BH000633H474) of Government Treasury Bills. With this latest issuance, the total outstanding value of Government Treasury Bills amounts to BD 2.110 billion.

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