Business

CBB Treasury Bills oversubscribed by 208%

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This week’s BD 70 million issue of Government Treasury Bills has been oversubscribed by 208%.

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

The issue date of the bills is June 7 and the maturity date is September 6.

The weighted average rate of interest is 6.19% compared to 6.24% of the previous issue on May 31.

The approximate average price for the issue was 98.460% with the lowest accepted price being 98.445%.

This is issue No. 1968 (ISIN BH000326W086) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD 2.110 billion.

Source: Bahrain News Agency

Qatar Newswire

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