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CBB Treasury Bills oversubscribed

December 1, 2020
finance & economy

Manama, Nov. 30 (BNA): This week’s BD 70 million issue of Government Treasury Bills has been oversubscribed by 114%.

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 is2ndDecember2020 and the maturity date is3rdMarch2021.

The weighted average rate of interest is 2.22% compared to 2.23%of the previous issue on 25thNovember2020.

The approximate average price for the issue was 99.441% with the lowest accepted price being 99.434%.

This is issue No. 1837(ISIN BH0009J65724) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD 2.110 billion.