CBB 12 Month Treasury Bills Issue No. 87 oversubscribed 109%.

Manama, November 23 (BNA): The subscription of the government treasury bond issue of BD100 million this week was covered by 109%.

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

The date of issue of the bills is November 25, and the due date is November 24, 2022.

The weighted average interest rate was 1.66% compared to 1.65% for the previous issue on October 21.

The approximate average price of the issue was 98.34628% with the lowest acceptable price of 98.26100%.

This is Issue No. 87 (ISIN BH000RJDF242) of Government Treasury Bills. Thus, the total outstanding value of government treasury bills amounted to BD2.110 billion.

FKN