The latest release of Government Treasury Bills amounting to BD 70M has experienced a 213% oversubscription, as reported by the Bahrain News Agency (BNA).
These bills, with a maturity period of 91 days, are issued by the Central Bank of Bahrain (CBB) on behalf of the Government of the Kingdom of Bahrain.
Issued on 24th January, the bills will mature on 24th April.
The weighted average interest rate stands at 6.15%, slightly lower than the 6.24% recorded in the previous issue on 17th January.
The approximate average price for this issue was 98.468%, and the lowest accepted price was 98.457%, according to WAM.
This marks the 2000th issue (ISIN BH000G140809) of Government Treasury Bills, contributing to a total outstanding value of BD 2.110B.
