Manama: This week's BD 70 million issue of Government Treasury Bills has been oversubscribed by 115%, showcasing strong market interest. The bills, which have a maturity period 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 of these bills is May 7, with a maturity date set for August 8. The weighted average rate of interest for this issue is 5.29%, a slight decrease from the 5.30% rate of the previous issue dated April 30. The approximate average price for the current issue stands at 98.680%, with the lowest accepted price recorded at 98.555%.
This issuance is marked as No.2068 (ISIN BH0009001V53) in the series of Government Treasury Bills. With this new issue, the total outstanding value of Government Treasury Bills has reached BD 2.110 billion.