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CBB Treasury Bills oversubscribed

CBB Treasury Bills oversubscribed

This week’s BD 70 million issue of Government Treasury Bills has been oversubscribed by 102%.

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 10th May 2023 and the maturity date is 9th August 2023.

The weighted average rate of interest is 6.17% compared to 6.02% of the previous issue on 3rd May 2023.

The approximate average price for the issue was 98.46544% with the lowest accepted price being 98.400%.

This is issue No. 1964 (ISIN BH0007718560) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD 2.010 billion.

Source: Bahrain News Agency