Market

CBB’s Monthly Issue of Treasury Bills oversubscribed by 161%

Manama, June 22 (BNA): Central Bank of Bahrain (CBB) announces that the BD 35 million monthly issue of Government Treasury Bills has been oversubscribed by 161%.

The bills, carrying a maturity of 182 days, are issued by the CBB, on behalf of the government of Bahrain.

The issue date of the bills is June 26, and the maturity date is December 25.

The weighted average rate of interest is 4.17% compared to 3.15% of the previous issue on May 29, 2022.

The approximate average price for the issue was 97.933%, with the lowest accepted price being 97.872%.

This is issue No. 1918 (ISIN BH000794D0W6) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD 2.010 billion.

Source: Bahrain News Agency