Manama: This week's BD 70 million issue of Government Treasury Bills has been oversubscribed by 173%. 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 treasury bills is June 3, with a maturity date set for September 2.
According to Bahrain News Agency, the weighted average rate of interest for this issue stands at 5.29%, showing a slight decrease from the 5.30% rate of the previous issue dated May 27. The approximate average price for this issue was 98.682%, while the lowest accepted price was recorded at 98.680%.
This latest round of issuance is designated as issue No.2124 (ISIN BH0003J49119) of Government Treasury Bills. With the completion of this issue, the total outstanding value of Government Treasury Bills has reached BD 2.110 billion.