Manama:This week's BD 70 million issue of Government Treasury Bills has been oversubscribed by 100%, indicating strong market demand.
According to Bahrain News Agency, the bills, issued by the Central Bank of Bahrain (CBB) on behalf of the Government of the Kingdom of Bahrain, carry a maturity of 91 days. The issue date is set for October 28, with a maturity date of January 27, 2027.
The weighted average rate of interest for this issue is 5.62%, compared to the previous issue's rate of 5.54% on October 21. The approximate average price for the current issue was 98.598%, with the lowest accepted price being 98.555%.
This marks issue No.2144 (ISIN BH000ZI9XI32) of the Government Treasury Bills series. The total outstanding value of Government Treasury Bills now stands at BD 2.110 billion.