Manama: This week's BD 70 million issue of Government Treasury Bills has seen remarkable demand, being oversubscribed by 167%. 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 for these treasury bills is August 20, with a maturity date set for November 19. The weighted average interest rate for this issue stands at 5.20%, showing a slight decrease from the 5.39% rate of the previous issue dated August 6.
The approximate average price for the current issue was recorded at 98.704%, with the lowest accepted price being 98.702%. This marks issue No. 2082 (ISIN BH00084W5225) of the Government Treasury Bills. With this latest issue, the total outstanding value of Government Treasury Bills has reached BD 2.110 billion.