CBB 12 Month Treasury Bills Issue No. 102 oversubscribed by 184%

This week’s BD 100 million issue of Government Treasury Bills has been oversubscribed by 184%.

The bills, carrying a maturity of 12 months, are issued by the Central Bank of Bahrain (CBB), on behalf of the Kingdom of Bahrain.

The issue date of the bills is March 23 and the maturity date is March 21, 2024.

The weighted average rate of interest is 6.17% compared to 6.31% of the previous issue on February 23.

The approximate average price for the issue was 94.126% with the lowest accepted price being 94.056%.

This is issue No. 102 (ISIN BH0004Q13F77) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD 2.010 billion.

Source: Bahrain News Agency