Business

CBB’s monthly issue of Treasury Bills oversubscribed by 160%

Qatar NewswireComments Off on CBB’s monthly issue of Treasury Bills oversubscribed by 160%

Manama, The Central Bank of Bahrain (CBB) announces that the BD 35 million monthly issue of Government Treasury Bills has been oversubscribed by 160%.

The bills, carrying a maturity of 182 days, are issued by the CBB, on behalf of the Kingdom of Bahrain.

The issue date of the bills is November 5 and the maturity date is May 5, 2024.

The weighted average rate of interest is 6.39% equivalent to the previous issue on September 24.

The approximate average price for the issue was 96.873%, with the lowest accepted price being 96.852%.

This is issue No. 1989 (ISIN BH0007116138) 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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