CBB 12 Month TBills Issue No. 116 oversubscribed by 142%

TDT | Manama

The Daily Tribune – www.newsofbahrain.com

This week’s BD 100 million issue of Government Treasury Bills has been oversubscribed by 142%.

The bills, carrying a maturity of 12 months, are issued by the Central Bank of Bahrain (CBB), on behalf of the Kingdom of Bahrain.

The issue date of the bills is May 23, and the maturity date is May 22, 2025.

The weighted average rate of interest is 6.08% compared to 6.02% in the previous issue on April 18.

The approximate average price for the issue was 94.211% with the lowest accepted price being 94.1450%. This is issue No. 116 (ISIN BH0002013405) of Government Treasury Bills.

With this, the total outstanding value of Government Treasury Bills is BD 2.110 billion.