CBB Treasury Bills Oversubscribed by 166% in Latest Issue

Manama: This week's BD 70 million issue of Government Treasury Bills has been oversubscribed by 166%. The bills, carrying a maturity of 91 days, are issued by the Central Bank of Bahrain (CBB), on behalf of the Government of the Kingdom of Bahrain. The issue date of the bills is April 23, and the maturity date is July 23. According to Bahrain News Agency, the weighted average rate of interest for this issue is 5.27%, compared to 5.35% of the previous issue on April 16. The approximate average price for the current issue was 98.685%, with the lowest accepted price being 98.678%. This is issue No.2065 (ISIN BH000V049928) of Government Treasury Bills. With this issuance, the total outstanding value of Government Treasury Bills now stands at BD 2.110 billion.