Manama: This week's BD 70 million issue of Government Treasury Bills has been oversubscribed by 186%. 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.
According to Bahrain News Agency, the issue date of the bills is September 3, and the maturity date is December 3. The weighted average rate of interest for this issue is 5.10%, slightly lower than the 5.17% rate of the previous issue on August 27.
The approximate average price for the current issue was recorded at 98.728%, with the lowest accepted price reported at 98.725%. This marks issue No.2085 (ISIN BH0002D64824) of Government Treasury Bills. With this issuance, the total outstanding value of Government Treasury Bills in the Kingdom reaches BD 2.110 billion.