CBB 12 Month Treasury Bills Issue No. 85 oversubscribed by 171%

Manama, September 21 (BNA): The subscription in this week’s issue of government treasury bills worth 100 million Bahraini dinars was covered by 171%.

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

The date of issue of the bills of exchange is September 23, and the due date is September 22, 2022.

The weighted average interest rate was 1.66% compared to 1.71% for the previous issue on August 26.

The approximate average price of the issue was 98.35151% with the lowest acceptable price of 98.310%.

This is Issue No. 85 (ISIN BH00022XN0A8) of Government Treasury Bills. Thus, the total outstanding value of government treasury bills amounted to 2.110 billion Bahraini dinars.

HF