Manama, Bahrain–This week’s $186 million issue of government treasury bills has been oversubscribed by 208%.
The bills, carrying a maturity of 91 days, are issued by the Central Bank of Bahrain on behalf of the government of Bahrain.
The issue date of the bills is 25th January 2023 and the maturity date is April 26.
Also read: Bahrain made the highest rate hike in GCC region
The weighted average rate of interest is 5.84% compared to 5.88% of the previous issue on January 18.
The approximate average price for the issue was 98.545% with the lowest accepted price being 98.540%.
This is issue No. 1948 (BH000693AX09) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD 2.010 billion.