CBB Treasury Bills Oversubscribed by 121% in Latest Issue

Manama: This week's BD 70 million issue of Government Treasury Bills has seen an oversubscription by 121%. The bills, which carry a maturity period 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 for these bills is set for August 26, with a maturity date slated for November 25.According to Bahrain News Agency, the weighted average rate of interest for this issue is 5.28%, a slight decrease from the 5.30% rate in the previous issue on August 19. The approximate average price for the current issue was 98.684%, with the lowest accepted price recorded at 98.678%.This issuance is marked as No.2136 (ISIN BH0006262F79) in the series of Government Treasury Bills. As a result of this release, the total outstanding value of Government Treasury Bills has reached BD 2.110 billion.