Manama, Dec. 25 (BNA): This week’s BD 70 million issue of Government Treasury Bills has been oversubscribed by 111%.
The bills, carrying a maturity of 91 days, are issued by the CBB, on behalf of the Government of the Kingdom of Bahrain.
The issue date of the bills is December 27 and the maturity date is March 27, 2024.
The weighted average rate of interest is 6.23% compared to 6.27% of the previous issue on December 20.
The approximate average price for the issue was 98.449% with the lowest accepted price being 98.371%.
This is issue No. 1997 (ISIN BH0007074733) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD 2.110 billion.
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