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Bahrain central bank’s $185m treasury bills oversubscribed 216%

The treasury bills are issued by the bank on behalf of the kingdom. (CBB)
By TRENDS Desk
September 19, 2022 6:14 pm
  • The bills, carrying a maturity of 91 days, are issued by the Central Bank of Bahrain, on behalf of the Bahrain government.
  • The issue date of the bills is 21 September 2022 and the maturity date is 21 December 2022.

Manama, Bahrain—Bahrain’s latest government treasury bills, valued at Bahrain Dinar 70 million ($185 million), have been oversubscribed by 216 percent.

The bills, carrying a maturity of 91 days, are issued by the Central Bank of Bahrain, on behalf of the Bahrain government.

The issue date of the bills is 21 September 2022 and the maturity date is 21 December 2022.

The weighted average rate of interest is 4.08 percent compared to 3.79 percent of the previous issue on 7 September 2022.

The approximate average price for the issue was 98.980 percent with the lowest accepted price being 98.929 percent.

With this bill, the total outstanding value of government treasury bills is BD 2.010 billion ($5.33 billion).

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