Manama: This week's BD 70 million issue of Government Treasury Bills has been oversubscribed by 235%. The bills, carrying 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 April 15, and the maturity date is July 15. According to Bahrain News Agency, the weighted average rate of interest for this issue is 5.24%, compared to 5.31% for the previous issue dated April 1. The approximate average price for the issue was 98.694%, with the lowest accepted price being 98.685%. This marks issue No.2116 (ISIN BH0007548496) of Government Treasury Bills. With this issuance, the total outstanding value of Government Treasury Bills has reached BD 2.110 billion.
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