CBB 12 Month Treasury Bills Oversubscribed by 142%

CBB 12 Month Treasury Bills Oversubscribed by 142%

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 CBB, on behalf of the Kingdom of Bahrain.The issue date of the bills is 23rd May 2024, and the maturity date is 22nd May 2025.The weighted average rate of interest is 6.08% compared to 6.02% of the previous issue on 18th April 2024The 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. CBB 12 Month Treasury Bills Oversubscribed by 142%