Manama: The Central Bank of Bahrain (CBB) has announced that its BD 35 million monthly issue of Government Treasury Bills has been oversubscribed by 174%. This marks a significant interest in the financial instrument, reflecting strong market confidence in the government's fiscal offerings.
According to Bahrain News Agency, the Treasury Bills, which carry a maturity of 182 days, have been issued by the CBB on behalf of the Kingdom of Bahrain. The issuance date for these bills is set for June 22, with a maturity date of December 21.
The weighted average rate of interest for this issue has been recorded at 5.36%, showing a slight decrease from the 5.44% rate of the previous issue dated May 25. The approximate average price for the current issue was 97.363%, with the lowest accepted price being 97.340%.
This particular issuance is identified as issue No. 2074 (ISIN BH0002452223) of Government Treasury Bills. The latest issuance brings the total outstanding value of Government Treasury Bills to BD 2.110 billion.