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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).

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