CBB Treasury Bills Oversubscribed by 215%

Manama: This week's BD 70 million issue of Government Treasury Bills has been oversubscribed by 215%. The bills, which carry a maturity of 91 days, are issued by the Central Bank of Bahrain (CBB) on behalf of the Government of the Kingdom of Bahrain. The issue date of the bills is March 5, and they will mature on June 4.According to Bahrain News Agency, the weighted average rate of interest for this issue stands at 5.20%, showing a slight decrease from the previous issue on February 26, which was 5.25%. The approximate average price for this issue was recorded at 98.703%, with the lowest accepted price being 98.697%.This issuance marks issue No.2059 (ISIN BH00035W4129) of Government Treasury Bills. Following this issuance, the total outstanding value of Government Treasury Bills rises to BD 2.110 billion.