CBB Treasury Bills oversubscribed 151%

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Manama, Jan. 16 (BNA): This week’s BD 70 million issues of Government Treasury Bills has been oversubscribed by 151%.


The bills, carrying a maturity of 91 days, are issued by the CBB, on behalf of the Government of Bahrain.


The issue date of the bills is January 18, 2023 and the maturity date is April 19.


The weighted average rate of interest is 5.88% compared to 5.72% of the previous issue on January 4.  


The approximate average price for the issue was 98.536% with the lowest accepted price being 98.457%.


This is issue No. 1947 (BH00092L9857) of Government Treasury Bills.


With this, the total outstanding value of Government Treasury Bills is BD 2.010 billion.