CBB Treasury Bills oversubscribed by 143%

Manama, This week’s BD 70 million issue of Government Treasury Bills has been oversubscribed by 143%.

The bills, carrying maturity of 91 days, are issued by the CBB, on behalf of the Government of the Kingdom of Bahrain.

The issue date of the bills is May 29 and the maturity date is August 28.

The weighted average rate of interest is 5.90% compared to 5.91% in the previous issue on May 22.

The approximate average price for the issue was 98.530% with the lowest accepted price being 98.529%.

This is issue No. 2019 (ISIN BH000356L888) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD 2.110 billion.

Source: Bahrain News Agency