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CBB Treasury Bills oversubscribed by 184%
March 7, 2023
banking
Manama, Mar. 6 (BNA): This week’s BD 70 million issue of Government Treasury Bills has been oversubscribed by 184%.
The bills, carrying a maturity of 91 days, are issued by the Central Bank of Bahrain (CBB) on behalf of the Government of Bahrain.
The issue date of the bills is March 8 and the maturity date is June 7.
The weighted average rate of interest is 5.78% compared to 5.79% of the previous issue on March 1.
The approximate average price for the issue was 98.560% with the lowest accepted price being 98.557%.
This is issue No. 1955 (ISIN BH0002E736W2) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD 2.010 billion.
bna