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CBB Treasury Bills oversubscribed by 144%

Manama, This week’s BD 70 million issue of Government Treasury Bills has been oversubscribed by 144%.

The bills, carrying a 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 November 8 and the maturity date is February 7 2024.

The weighted average rate of interest is 6.33% compared to 6.35% of the previous issue on November 1.

The approximate average price for the issue was 98.424% with the lowest accepted price being 98.417%.

This is issue No. 1990 (ISIN BH00065304Z5) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD 2.110 billion.

Source: Bahrain News Agency