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Economy

2PointZero reports strong H1

Expansion drives earnings, revenue growth.

Borouge profit climbs 23%

Prices, recovery boost quarterly earnings

e& posts 11.6% revenue growth

The H1 net profit hits $1.63 billion.

TECOM profit up 9%

Revenue, occupancy drive earnings higher

DAE H1 profit $229m

Growth triggered by higher earnings, stron cash flow

Bahrain’s central bank treasury bills oversubscribed by 226%

A side view of the Central Bank of Bahrain.
By TRENDS Desk
February 22, 2024 2:53 pm
  • The bills with a maturity of 182 days are issued by the Central Bank of Bahrain on behalf of Bahrain
  • The average price for the issue was 97.077%, with the lowest accepted price being 97.032%

Manama, Bahrain--Central Bank of Bahrain (CBB) announces that the $93 million monthly issue of Government Treasury Bills has been oversubscribed by 226%.

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

The issue date of the bills is February 25 and the maturity date is August 25.

The weighted average rate of interest 5.96% compared to 6.05% for the previous issue on 28th January 2024.

The approximate average price for the issue was 97.077%, with the lowest accepted price being 97.032%.

This is issue No. 2005 (ISIN BH000184L991) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD 2.110 billion.

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INSEAD Day 4- 300x600
INSEAD Day 4- 300x600
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