CBB’s Monthly issue of Treasury Bills oversubscribed

Manama, The Central Bank of Bahrain (CBB) announced that the BD 35 million monthly issue of Government Treasury Bills has been oversubscribed by 254%. The bills, carrying maturity of 182 days, are issued by the CBB, on behalf of the Kingdom of Bahrain. The issue date of the bills is August 25, and the maturity date is February 23, 2025. The weighted average rate of interest is 5.94% compared to 6.29% of the previous issue on July 28. The approximate average price for the issue was 97.086%, with the lowest accepted price being 97.033%. This is issue No. 2031 (ISIN BH0001I87016) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD 2.110 billion. Source: Bahrain News Agency