Manama:This week's BD 70 million issue of Government Treasury Bills has experienced an oversubscription rate of 101%.
According to Bahrain News Agency, these Treasury Bills, which have 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 bills are set to be issued on October 14, with a maturity date of January 13, 2027.
The weighted average rate of interest for this issue is 5.49%, consistent with the previous issue from September 30. The approximate average price for the current issue was 98.631%, with the lowest accepted price being 98.628%.
This issuance is identified as issue No.2142 (ISIN BH000P22M037) of Government Treasury Bills. With this latest issue, the total outstanding value of Government Treasury Bills now stands at BD 2.110 billion.