Manama:This week's BD 70 million issue of Government Treasury Bills has been oversubscribed by 108%. These bills, with a maturity of 91 days, are issued by the Central Bank of Bahrain (CBB) on behalf of the Government of the Kingdom of Bahrain.
According to Bahrain News Agency, the issue date for the bills is November 4, with a maturity date set for February 3, 2027. The weighted average rate of interest for this issue stands at 5.58%, slightly lower than the previous issue's rate of 5.62% on October 28.
The approximate average price for this issue was 98.608%, with the lowest accepted price being 98.562%. This marks issue No.2146 (ISIN BH000P165326) of Government Treasury Bills, bringing the total outstanding value of these bills to BD 2.110 billion.