Manama: This week's BD 100 million issue of Government Treasury Bills has been oversubscribed with 111% coverage. The bills, carrying a maturity of 12 months, are issued by the Central Bank of Bahrain (CBB), on behalf of the Kingdom of Bahrain.
According to Bahrain News Agency, the issue date of the bills is September 17, and the maturity date is September 16, 2027. The weighted average rate of interest is 5.69% compared to 5.48% of the previous issue on August 20.
The approximate average price for the issue was 94.556%, with the lowest accepted price being 94.235%. This is issue No. 144 (ISIN BH0005275415) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD 2.110 billion.