Sign inSubscribe

Search Site

VideosInforgraphics
Sign inSubscribe
Trends banner

Business, Economy

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

TSMC Q2 profit up 60%

TSMC is the world's largest contract maker of chips.

ADNOC shifts OMV stake to XRG

XRG is ADNOC's wholly-owned international investment company.

SIB H1 net profit $189m

The bank's total assets increased by $1.49 billion.

TSMC’s H1 revenue up 40 percent

Robust demand for AI technology behind the surge.

Bahrain’s Treasury Bills oversubscribed by 270 percent

The weighted average rate of interest is 6.49 percent compared to 6.51 percent of the previous issue on September 27 2023. (CBB)
By TRENDS Desk
October 2, 2023 8:06 pm
  • The bills, carrying a maturity of 91 days, are issued by the CBB, on behalf of the Government of Bahrain.
  • The issue date of the Treasury Bills is October 4, 2023 and the maturity date is January 3, 2024.

MANAMA, BAHRAIN – This week’s US$186 million (BD 70 million) issue of Government Treasury Bills has been oversubscribed by 270 percent.

The bills, carrying a maturity of 91 days, are issued by the CBB, on behalf of the Government of Bahrain.

The issue date of the bills is October 4, 2023 and the maturity date is January 3, 2024.

The weighted average rate of interest is 6.49 percent compared to 6.51 percent of the previous issue on September 27 2023, a press release said.

The approximate average price for the issue was 98.387 percent with the lowest accepted price being 98.383 percent, the release added.

This is issue No. 1985 (ISIN BH0001191D94) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is US$5.6 billion (BD 2.110 billion).

[adinserter block="5"]

Most Read

UAE’s working mothers get extended maternity leave

The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120 days, Kathryn Martin VFS Global tell TRENDS.

Getting vaccinated is ‘the most patriotic thing’ to do

The Fourth of July is a sacred day in our country. A day of history, of hope, remembrance and resolve with promise and possibilities. Before me stands monuments of the…

Saudi Arabia to generate $150 billion in investments from its new transport policy

The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private sector Saudi Arabia expects to generate $150 billion from investments…

GCC healthcare: Transforming the region and impacting the world

PwC forecasts that AI could contribute US$320 billion to Middle Eastern economies by 2030, with healthcare predicted to see some of the largest gains relative to its current size

New-Age Growth Comes Home to the GCC

The region, fueled by ambition and massive investment, is rapidly advancing in technology and infrastructure, aiming to secure a leading role in the 4IR.

[adinserter block="4"]