Manama: This week's BD 70 million issue of Government Treasury Bills has been oversubscribed by 199%. 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 of the bills is June 4, with a maturity date set for September 3.
According to Bahrain News Agency, the weighted average rate of interest for this issue stands at 5.20%, a slight decrease from the previous issue's rate of 5.23% on May 28. The approximate average price for the current issue was 98.703%, with the lowest accepted price being 98.701%.
This marks issue No.2072 (ISIN BH0005A32176) of Government Treasury Bills. With this issuance, the total outstanding value of Government Treasury Bills has reached BD 2.110 billion.