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Bahrain central bank treasury bill issues’ value reaches $5.3 billion

The treasury bills are issued by the bank on behalf of the kingdom. (CBB)
By Hilal Mir
March 21, 2023 8:54 pm
  • The issue date of the bills is 23 March 2023 and the maturity date is 21st March 2024.
  • With this issue, the total outstanding value of government treasury bills reached BD2 billion ($5.3 billion).

Manama, Bahrain – The Central Bank of Bahrain (CBB) has issued treasury bills with a maturity period of 12 months.

The issue date of the bills is 23 March 2023 and the maturity date is 21st March 2024.

The weighted average rate of interest is 6.17 percent compared to 6.31 percent of the previous issue on 23 February 2023, the bank said in a statement.

The approximate average price for the issue was 94.126 percent with the lowest accepted price being 94.056 percent.

With this, the total outstanding value of government treasury bills reached BD2 billion ($5.3 billion).

In February 2023, the bank announced that the BD35 million monthly issue of Government Treasury Bills was oversubscribed by 260 percent. The bills carried a maturity of 182 days.

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