Manama: The Central Bank of Bahrain (CBB) announces that the BD 35 million monthly issue of Government Treasury Bills has been oversubscribed by 109%.
According to Bahrain News Agency, the bills, carrying a maturity of 182 days, are issued by the CBB on behalf of the Kingdom of Bahrain. The issue date of the bills is May 24, and the maturity date is November 22.
The weighted average rate of interest for this issue is 5.37%, compared to 5.29% from the previous issue on May 3. The approximate average price for the issue was 97.355%, with the lowest accepted price being 97.318%.
This release marks issue No. 2122 (ISIN BH0003235551) of Government Treasury Bills. With the issuance of these bills, the total outstanding value of Government Treasury Bills in Bahrain rises to BD 2.110 billion.