Manama: This week’s BD 70 million issue of Government Treasury Bills has been oversubscribed by 192%.
According to Bahrain News Agency, the bills, which are issued by the Central Bank of Bahrain (CBB) on behalf of the Government of the Kingdom of Bahrain, have attracted significant investor interest, highlighting strong market confidence. The treasury bills, carrying a maturity of 91 days, were issued on October 23 with a set maturity date of January 22, 2025.
The weighted average rate of interest for these bills stood at 5.88%, showing a slight decrease from the 5.90% interest rate of the previous issue on October 16. The approximate average price for the issue was 98.535%, with the lowest accepted price being 98.532%. This recent issue, marked as No. 2039 (ISIN BH00093K7737), contributes to the total outstanding value of Government Treasury Bills, which now amounts to BD 2.110 billion.
