CBB Treasury Bills oversubscribed

Manama, May 8 (BNA): The subscription in this week’s issuance of government treasury bills amounting to 70 million Bahraini dinars was oversubscribed by 102%.


Bills of exchange due within 91 days are issued by the Central Bank of Bahrain on behalf of the Government of the Kingdom of Bahrain.


The date of issuance of the bills of exchange is May 10, 2023 and the due date is August 9, 2023.


The weighted average interest rate was 6.17% compared to 6.02% for the previous issue dated May 3, 2023.


The approximate average issue price was 98.46544% with the lowest acceptable price being 98.400%.


This is Issue Number 1964 (ISIN BH0007718560) of Government Treasury Bills. Thus, the total outstanding value of government treasury bills amounted to 2.010 billion Bahraini dinars.


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