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Bahrain Central Bank’s $185 million treasury bills oversubscribed

The bills are issued by the Central Bank of Bahrain on behalf of the kingdom's government.
By Hilal Mir
August 21, 2023 11:08 pm
  • The bills, carrying a maturity of 91 days, are issued by the Central Bank of Bahrain, on behalf of the Bahrain government .
  • The approximate average price for the issue was 98.395 percent with the lowest accepted price being 98.261 percent.

Manama, Bahrain – This week’s BD 70 million ($185 million) issue of Bahrain Government Treasury Bills has been oversubscribed by 100 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 23rd August 2023 and the maturity date is 22nd November 2023.

The weighted average rate of interest is 6.45 percent compared to 6.30 percent of the previous issue on 9th August 2023.

The approximate average price for the issue was 98.395 percent with the lowest accepted price being 98.261 percent.
    
With this, the total outstanding value of Government Treasury Bills is BD 2.110 billion.

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