CBB Treasury Bills oversubscribed BY 115%

Industry

Manama, This week’s BD 70 million issue of Government Treasury Bills has been oversubscribed by 115%.

 

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 November 10 and the maturity date is February 9, 2022.

 

The weighted average rate of interest is 1.44% compared to 1.40% of the previous issue on November 3.

 

The approximate average price for the issue was 99.636% with the lowest accepted price being 99.609%.

 

This is issue No. 1886 (ISIN BH0003014238) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD 2.110 billion.

 

Source: Bahrain News Agency