CBB’s Monthly Issue of Treasury Bills oversubscribed by 195%

Manama, September 21 (BNA) The Central Bank of Bahrain announced that it has exceeded the subscription of the monthly issuance of government treasury bills, amounting to 35 million Bahraini dinars, by 195%.

Bills of exchange due within 182 days are issued by the Central Bank of Bahrain on behalf of the Kingdom of Bahrain.

The date of issue of the bills of exchange is 25 September and the due date is 26 March 2023.

The weighted average interest rate was 4.68% compared to 4.02% for the previous issue on August 28.

The approximate average issue price was 97.690%, and the lowest acceptable price was 97.606%.

This is Issue No. 1931 (ISIN BH000CJ027D2) of Government Treasury Bills. Thus, the total outstanding value of government treasury bills amounted to BD 2.010 billion.



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