CBB’s monthly issue of Treasury Bills oversubscribed

Manama, September 22 (BNA) The Central Bank of Bahrain announced that it has oversubscribed in the monthly issuance of government treasury bills, amounting to 35 million Bahraini dinars, by 128%.

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 September 26, 2021 and the due date is March 27, 2022.

The weighted average interest rate was 1.43% versus 1.49% for the previous issue dated August 29, 2021.

The approximate average price for the issue was 99.28155%, and the lowest acceptable price was 99.222%.

This is Issue No. 1879 (ISIN BH0008674317) of Government Treasury Bills. Thus, the total outstanding value of government treasury bills amounted to BD2.110 billion.

AOQ

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