Manama: This week's BD 70 million issue of Government Treasury Bills has seen a significant oversubscription, reaching 130%. The bills, carrying a maturity period of 91 days, have been 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 these treasury bills is January 28, with a maturity date set for April 29. The weighted average rate of interest for this issuance stands at 4.82%, showing a slight increase from the 4.80% recorded in the previous issue on January 21.
The approximate average price for this issue was noted at 98.797%, with the lowest accepted price being 98.751%. This marks issue No.2106 (ISIN BH000Z31A255) of Government Treasury Bills. With the current issuance, the total outstanding value of Government Treasury Bills has reached BD 2.110 billion.