Manama: This week's BD 70 million issue of Government Treasury Bills has been oversubscribed by 188%. The Central Bank of Bahrain (CBB) issued these bills on behalf of the Government of the Kingdom of Bahrain. These Treasury Bills have a maturity period of 91 days, with the issue date set for June 18 and a maturity date of September 17.
According to Bahrain News Agency, the weighted average rate of interest for this issue is 5.17%, slightly lower than the 5.20% rate of the previous issue on June 4. The approximate average price for this week's issue was 98.711%, with the lowest accepted price recorded at 98.707%.
This issuance is identified as No.2073, with the International Securities Identification Number (ISIN) BH0006872061. With this issue, the total outstanding value of Government Treasury Bills now stands at BD 2.110 billion.