Manama: This week’s BD 70 million issue of Government Treasury Bills has been oversubscribed by 160%, reflecting robust investor confidence.
According to Bahrain News Agency, the bills, which carry a maturity of 91 days, are issued by the Central Bank of Bahrain (CBB) on behalf of the Kingdom of Bahrain. The issue date was set for October 16, with a maturity date of January 15, 2025. This strong demand signifies a continued trust in Bahrain’s economic instruments amidst fluctuating global financial conditions.
The weighted average rate of interest for the Treasury Bills settled at 5.90%, a slight decrease from the previous rate of 6.04% for the issue on October 3. The approximate average price for this issue was 98.530%, with the lowest accepted price reaching 98.513%. The issuance, labeled as No. 2038 (ISIN BH0001P01236), contributes to a total outstanding value of Government Treasury Bills amounting to BD 2.110 billion.