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CBB Treasury Bills oversubscribed by 381%

August 2, 2022

Manama, Aug. 1 (BNA): This week’s BD 70 million issue of Government Treasury Bills has been oversubscribed by 381%.

The bills, carrying a maturity of 91 days, are issued by the CBB, on behalf of the Government of Bahrain.

The issue date of the bills is August 3 and the maturity date is November 2.

The weighted average rate of interest is 3.88% compared to 3.99% of the previous issue on July 27.

The approximate average price for the issue was 99.028% with the lowest accepted price being 99.018%.

This is issue No. 1924 (BH00072066Y4) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD 2.010 billion.