CBB Treasury Bills oversubscribed by 100%

SourceBizbahrain
SectorFinancial Markets
CountryBahrain

This week’s BD 70 million issue of Government Treasury Bills has been oversubscribed by 100%. 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 5th  August 2020 and the maturity date is 4th November 2020. The weighted average rate of interest is 2.24% compared to 2.25% for the previous issue on 29th July 2020. The approximate average price for the issue was 99.437% with the lowest accepted price being 99.419%. This is issue No. 1820 (ISIN BH00011Q6583) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD 2.110 billion. ...read more...