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Central Bank of Bahrain treasury bills oversubscribed by 149 percent

The total outstanding value of Bahrain's Government Treasury Bills is US$5.61 billion. (CBB Twitter)
By TRENDS Desk
September 26, 2023 12:29 am
  • The bills, carrying a maturity of 91 days, are issued by the CBB, on behalf of the Government of the Kingdom of Bahrain.
  • The issue date of these bills is September 27 2023 and the maturity date is December 27 2023.

MANAMA, BAHRAIN – This week’s BD 70 million (US$186 issue of Government Treasury Bills has been oversubscribed by 149 percent.

The bills, carrying a maturity of 91 days, are issued by the Central Bank of Bahrain (CBB), on behalf of the Government of the Kingdom of Bahrain. 

The issue date of the bills is September 27 2023 and the maturity date is December 27 2023.

The weighted average rate of interest is 6.51 percent compared to 6.55 percent of the previous issue on September 20 2023, a media release said.

The approximate average price for the issue was 98.38 percent with the lowest accepted price being 98.37 percent.                                                               

This is issue No. 1984 (ISIN BH0003115787) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is US$5.61 billion (BD 2.11 billion).

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