CBB Treasury Bills Oversubscribed by 111%

CBB Treasury Bills Oversubscribed by 111%

This week’s BD 70 million issue of Government Treasury Bills has been oversubscribed by 111%. 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 17th April 2024 and the maturity date is 17th July 2024.The weighted average rate of interest is 5.95% compared to 5.94% of the previous issue on 3rd April 2024.The approximate average price for the issue was 98.517% with the lowest accepted price being 98.505%. This is issue No. 2012 (ISIN BH000482UT06) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD 2.110 billion CBB Treasury Bills Oversubscribed by 111%